Recall the Application about low-price guarantees and the prices of tires to answer the following question(s).
-Recall the Application. From a pricing standpoint, low-price guarantees seem to benefit

Question

Quizplus · Accepted Answer

Low-price guarantees benefit the seller by reducing the incentive for competitors to lower their prices, as the seller promises to match any lower price, thus maintaining higher overall prices in the market.

Recall the Application About Low-Price Guarantees and the Prices of Tires