An illustration of a non-credible commitment is the promise
A) to not increase capacity in a declining industry
B) to match a new entrant's discount price
C) to enter a profitable industry
D) to restrain output to the quota assigned by a cartel
E) to exit in the face of projected losses.

Question

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The Answer of An illustration of a non-credible commitment is the promise
A) to not increase capacity in a declining industry
B) to match a new entrant's discount price
C) to enter a profitable industry
D) to restrain output to the quota assigned by a cartel
E) to exit in the face of projected losses.

An Illustration of a Non-Credible Commitment Is the Promise