Assume firms within an industry do not use price to compete with. In general, they do not tend to challenge rivals by dropping price. The competition is not trying to take market share through lower prices. Therefore, managers within this market would see this as having a positive impact on company expectancy. Explain your understanding briefly. 

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In a market where firms do not use price competition to gain market share managers would likely view this as having a positive impact on company expec... View the full answer