Whenever there is competitive rivalry, prices tend to be ____.
A)the same
B)slightly higher
C)lower
D)50 percent higher
E)None of these choices

Name: Whenever there is competitive rivalry, prices tend to be ____. A)the same B)slightly higher C)lower D)50 percent higher E)None of these choices
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Question

Whenever there is competitive rivalry, prices tend to be ____. ​
A)the same
B)slightly higher
C)lower
D)50 percent higher
E)None of these choices

Quizplus · Accepted Answer

Competitive rivalry typically leads to lower prices as companies strive to attract customers by offering more attractive deals than their competitors.

Whenever There Is Competitive Rivalry, Prices Tend to Be ____