Firms that have relatively undifferentiated products are rarely influenced by their competitors' pricing strategies.

Name: Firms that have relatively undifferentiated products are rarely influenced by their competitors' pricing strategies.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If firms have undifferentiated products, they may compete mainly on price, which means their pricing strategy is important and can be influenced by their competitors' pricing strategies.

Firms That Have Relatively Undifferentiated Products Are Rarely Influenced by Their