In the soft drink industry, Company ABC drastically reduced the prices of its beverages to gain...

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In the soft drink industry, Company ABC drastically reduced the prices of its beverages to gain a competitive advantage over its rivals. This triggered a series of retaliatory price cuts among other companies in the market. What did Company ABC's price reduction lead to in the soft drink industry? Increased profit margins for all companies involved. Higher prices for consumers due to increased demand. Collaboration among companies to maintain stable prices. A series of price cuts among other companies, resulting in a price war. In the soft drink industry, Company ABC drastically reduced the prices of its beverages to gain a competitive advantage over its rivals. This triggered a series of retaliatory price cuts among other companies in the market. What did Company ABC's price reduction lead to in the soft drink industry? Increased profit margins for all companies involved. Higher prices for consumers due to increased demand. Collaboration among companies to maintain stable prices. A series of price cuts among other companies, resulting in a price war.