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PanSter Plc. is the dominant firm and the price leader in the natural gas industry. One of the competing firms attempts to gain market share

PanSter Plc. is the dominant firm and the price leader in the natural gas industry. One of the competing firms attempts to gain market share by offering lower prices as compared to the prices offered by PanSter. a) What is the most likely impact on the market share of PanSter?

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