Question

Explain how companies engage in price competition and non-competition and give and example of each kind of competition

Answer 1

Explanation: irms will engage in non-price competition, in spite of the additional costs involved, because it is usually more profitable than selling for a lower price and avoids the risk of a price war. For example, brand-name goods often sell more units than do their generic counterparts, despite usually being more expensive. i hope this was helpful to u