[Solved] All of the Following,except One,could Be an Explanation of a Price

Question 96
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All of the following,except one,could be an explanation of a price war between firms.Which is the exception?


A)A breakdown in the collusive agreement between firms.
B)The intense competition that one finds in a perfectly competitive industry.
C)An aggressive young firm challenging the established price leadership of a rival firm.
D)The action taken by established firms to ward off the possible entry of a new firm.

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