0 a situation in which different companies compete with each other by reducing prices:
1 a situation in which companies compete with each other by reducing prices:
This started a price war which every major grocer had to get in on, and as a result the consumer benefited.
Another price war will lead to a new round of market redistribution.
The enormous competition within the industry has led to a price war in certain sectors.
In the merciless price war that is currently raging, companies are using outrageous methods to improve their profit margins.
There has never been a price war, as market liquidity is controlled by a single active player.
There has not been a price war in the baking industry, nor will there be.
Also, the effects of the price war mean that profit margins have been cut, and this could lead to a decline in output.
This price war amongst the detergent manufacturers has been going on for months.
