Price competition definitions

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Price competition

Price competition logo #21015Competition among firms by reducing price, as opposed to by changing characteristics of the product.
Found on http://www-personal.umich.edu/~alandear/glossary/p.html

Price competition

Price competition logo #20140Attempts by firms to attract customers away from their rivals by lowering their prices.
Found on http://www.encyclo.co.uk/local/20140
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