Suppose Ford, GM, and Dodge make the majority of pick-up trucks sold in the United States If they all sell for approximately the same price, and Ford offers a $2,000 rebate on new truck sales, what can Ford expect to see?
A. an unprecedented increase in truck sales
B. an immediate response by GM and Dodge
C. a visit from the antitrust authorities of the government
D. a revolution from Ford stockholders
Answer: B
Economics
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