The two operators of carriage tours in Greenville are in a price war with each other.Whenever one reduces its fare,its competitor reduces its fares by the same amount.This is an example of status quo pricing.

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This scenario describes a situation where both operators are maintaining the status quo of matching each other's prices, rather than engaging in aggressive pricing strategies to gain a competitive advantage. Hence, it is an example of status quo pricing.

The Two Operators of Carriage Tours in Greenville Are in a Price