Question: I am concerned that increased competition will lead to a price war, and that prices may get to unprofitable levels. If things turn really bad,
I am concerned that increased competition will lead to a price war, and that prices may get to unprofitable levels. If things turn really bad, we may need an exit strategy from this market. How low should we be willing to go with our prices before it makes sense to exit the Austin market? Evaluate how competition could lead to a price war creating a level of 0 profits, which may create the need to develop an exit
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