1. Going Out of Business Sales? Many firms have going-out-of-business sales with remarkable bargains. What insights does the material in this chapter provide about such sales? 2. Under a...

1. Going Out of Business Sales? Many firms have going-out-of-business sales with remarkable bargains. What insights does the material in this chapter provide about such sales?

2. Under a price-leadership model, a sudden drop in price by the leader is unlikely to trigger a price war if other firms believe that the price cut was caused by higher
  .