(Consider This) The story about three sellers of Native American arts and crafts best illustrates the idea of

Question

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The story about three sellers of Native American arts and crafts involves each seller considering their competitors' pricing and adjusting their own prices strategically to compete while still maintaining profitability. This demonstrates strategic behavior, which is the idea of considering the actions of competitors and making decisions accordingly. The other options, excess capacity, the role of advertising, and product differentiation, are not directly related to the story.

(Consider This) the Story About Three Sellers of Native American