It may be necessary to ignore a competitor's price rise when there is(are) _______.
A)rising costs
B)excess demand
C)excess supply
D)price sensitive customers

Question

Quizplus · Accepted Answer

Ignoring a competitor's price rise might be necessary when there is excess supply. In such a situation, following a competitor's price increase could lead to losing market share, as customers have plenty of alternative options to choose from.

It May Be Necessary to Ignore a Competitor's Price Rise