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Complex price wars |
 | | Thus, during the 010 price war, one broker is always being undercut by another, resulting in zero profit for that broker, while during the 101 price war two brokers are always being undercut by the lowest-priced one. |
 | | During the 010 price war, a single broker is left to offer both categories 1 and 3, which is unsatisfactory to consumers who are highly interested only in one of the two categories. |
 | | On the whole, the price wars tend not to be quite as devastating as they are in societies consisting entirely of myoptimals, because they often involve brokers that are only partially in competition with one another, so a broker that is being undercut in price may still retain some customers. |
| www.research.ibm.com /iac/reports-technical/pricewar-dyn/node4.html (2041 words) |
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