The Wire: What Are The Options?
01:30 - 02:38
1m 8s
inferior good
macroeconomics

Stringer discusses with Mr. Lucas a company's options when it is operating in a competitive market and has an inferior product. Mr. Lucas suggests acquiring competitors or dropping the price to gain market share. He warns Stringer that the latter tactic will lead to lower product credibility and mentions the example of Worldcom.

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