Economics, Econometrics and Finance
4 years ago

Proper response to price changes prevents destructive market competition.

Responding to price changes in the context of growing international competition
Ilona Bondos

Paper Summary

This article discusses how companies can respond to price changes in a competitive market to avoid price wars. By reacting appropriately to competitors' price reductions, companies can prevent negative outcomes. The key is to have a strategic approach to price competition to maintain market position and profitability.

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