(Figure: Low Price Guarantee) What is the outcome in the figure above in the absence of a low price guarantee?
A) Both Lowe's and Home Depot will price high.
B) Lowe's will price high and Home Depot will price low.
C) Both Lowe's and Home Depot will price low.
D) Lowe's will price low and Home Depot will price high.
Correct Answer:
Verified
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