Business, 28.05.2021 14:10 toxsicity

When one gas station lowers its price a penny, the station on the other corner of the intersection lowers its price, followed by the gas stations on the next block, and so on, until nearly every gas station in town has lowered its price. This situation illustrates .a. a differentiation strategy. b. intense rivalry among competitors. c. the treat of substitutes. d. a cost leadership strategy.

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When one gas station lowers its price a penny, the station on the other corner of the intersection l...