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Please refer to the below image. It is a general economics question. a. What will happen to a butcher shop if a large retailer like

Please refer to the below image. It is a general economics question.

a. What will happen to a butcher shop if a large retailer like Coles establishes a new store in a location close by and decides to price meat below cost as an opening special to attract customers? What will happen to the butcher shop if Coles continues this pricing behaviour for, say, one year? (4 marks)

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