American Airlines just reduced its fares for summer flights by
$100.00.00.Delta Airlines changes its pricing structure and reduces its flights by $100 as well.Delta is employing status quo pricing.

Question

Quizplus · Accepted Answer

Delta Airlines is employing status quo pricing by matching the price reduction of a competitor (American Airlines) to maintain its position in the market and avoid price wars.

American Airlines Just Reduced Its Fares for Summer Flights by