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Figure: 13-3 -Using Figure 13-3,how Much Price Competition Is Most Likely Available

Question 67

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Figure: 13-3 Figure: 13-3 -Using Figure 13-3,how much price competition is most likely available for video game makers? A) There is almost none; the market sets the price. B) There is some competition within a range of prices. C) There is generally a price leader that sets the price. D) Microsoft, Sony, and Nintendo are aware of each other's prices and may adjust their prices based on the prices of the other 2 firms.
-Using Figure 13-3,how much price competition is most likely available for video game makers?


A) There is almost none; the market sets the price.
B) There is some competition within a range of prices.
C) There is generally a price leader that sets the price.
D) Microsoft, Sony, and Nintendo are aware of each other's prices and may adjust their prices based on the prices of the other 2 firms.

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