Question: I am seeking assistance with the formula based upon the following: If you know that a competitor will lower their price if you lower your

I am seeking assistance with the formula based upon the following:If

I am seeking assistance with the formula based upon the following:

If you know that a competitor will lower their price if you lower your price, do you then have any incentive to lower your price?

you know that a competitor will lower their price if you lower

Price 110 100 MC = AC MR D Quantity 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

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