Suppose two competing stores each announce a low price, Business Economics

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Suppose two competing stores each announce a low price

Suppose two competing stores each announce a "low price guarantee", meaning that each store would match the prices of the other store of they were lower. Does providing this guarantee masks it easier or more difficult to overcome the prisoner's dilemma facing the two firms?

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Business Economics: Suppose two competing stores each announce a low price

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Business Economics: Suppose two competing stores each announce a low price

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