Economics A-Level
Price wars
What Price wars means in Economics A-Level, as defined for AQA.
Definition of Price wars
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Reference: AQA
Short-term tactics where undercutting leads to mutual revenue loss, usually used to drive out rivals or establish market share.
Topics that use Price wars
- Oligopoly (AQA A-Level)
Related terms
- Barriers to entry
- Cartel
- Cartels
- Collusion
- Concentration ratio
- Concentration ratios
- Cooperation
- Dynamic efficiency
Using Price wars in the exam
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