Microeconomics
5th Edition
ISBN: 9781319098780
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Question
Chapter 9, Problem 3QFT
To determine
What purpose does Walmart’s price-match guarantee a serve? What do you predict would happen if it dropped this policy? Would you predict that its competitors - say, the local supermarket or K-Mart - would adopt the same policy?
Concept Introduction:
Price-match - You can get lower price at a store, have price matching policy, if you give them the ad of the competitor on which the lower price is printed.
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