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Price Wars
Price wars occur when competitors continually lower prices to undercut each other, hoping to increase market share despite reduced profit margins.
Airlines
Businesses offering services for the transportation of passengers and goods via aircraft.
Schedule
A plan that outlines specific times at which certain tasks or activities are to be undertaken.
Tacit Collusive Equilibrium
A situation in oligopolistic markets where firms implicitly reach an understanding to keep prices stable and restrain competition without explicit agreement.
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