Meaning of price war
Price war
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Economics terminology
Glossary of economics terms and concepts
Meaning and definition of price war
Successive and continued decreases in the prices charged by firms in an oligopolistic industry. Each firm lowers its price below rivals' prices, hoping to increase its sales and revenues at its rivals' expense.
For the term price war may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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