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Question
a station across the street is offering gasoline for five cents cheaper per gallon. the other stations in the area decide to lower their prices as well. this is an example of _______ pricing. realistic unrealistic competitive inflexible
This scenario describes businesses adjusting their prices in response to a competitor's price change, which is the core of pricing driven by market competition. The other options do not fit: realistic pricing refers to setting prices based on actual costs/market value, unrealistic pricing is disconnected from market realities, and inflexible pricing means not adjusting prices at all.
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competitive