In Spain, a loaf of bread has typically cost a euro. But times are tough there, and one baker in the Valencia region decided to slash the price to just 20 euro cents. In so doing, he's upended the system, and captured a whole bunch of new customers at the same time.
A baker in the region around Valencia, Spain, has his own answer to the national economic crisis. He's selling loaves of bread for just 20 euro cents. Other bakers are furious, claiming he's selling below cost to put them out of business.
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