Economy, asked by balakarthikak, 7 months ago

A Price War in an Oligopoly refers to — (a) Successive and continued price cuts by the Firms to increase sales and revenues (b) Free gift offers by all Firms on a competitive basis (c) Flooding the market with its goods by one Firm leading to price reduction by others (d) Increase in the price by one Firm and other Firms following in a reverse way by decreasing their prices

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Answered by pubgwala76

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