Business, 25.03.2020 02:46, Lizzy527663

The three main luxury hotels in a major tourist destination keep very close track of their competitors' room pricing, restaurant offerings, tour packages, and special services, such as airport transportation and spa privileges. When one hotel makes adjustments in prices or offerings, the other hotels follow suit. It is possible that these hotels are: Group of answer choices following a competitive response strategy. engaging in tacit collusion. monitoring business competitors for opportunistic behaviors. following uncertainty-reducing strategies.

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The three main luxury hotels in a major tourist destination keep very close track of their competito...