Solved: Walmart and target-adopting price matching policies, Macroeconomics

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Walmart and target-adopting price matching policies

Question:

Suppose the 2 rival "Super Stores", Walmart and Target both adopt price matching policies. If people can find lower advertised prices on any items they sell, then they will match the lower prices. Explain why this policy might not be good news for consumers.

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Macroeconomics: Walmart and target-adopting price matching policies

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Macroeconomics: Walmart and target-adopting price matching policies

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