Question: estion 30 points Two local coffee shops are in direct competition with one another. With the aim of reducing their rival's share of the market,

estion 30 points Two local coffee shops are in

estion 30 points Two local coffee shops are in direct competition with one another. With the aim of reducing their rival's share of the market, one coffee shop lowers their coffee prices by 10%. To counter this, the other coffee shop then lowers their coffee prices by 12%. These strategic moves are examples of and that occur when firms are in direct competition competition, cooperation O defending, analyzing o attack, response o stability, recovery risk avoiding risk seeking

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