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Q) Outline and discuss how firms may use price(for example, limit pricing and predatory pricing) and non-price (e.g. advertising, R&D, and innovation) strategies to compete

Q) Outline and discuss how firms may use price(for example, limit pricing and predatory pricing) and non-price (e.g. advertising, R&D, and innovation) strategies to compete with rival firms and potential entrants.(the effectiveness of price and non price strategies in different competitive contexts)

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