Akamai Technologies is a dominant player in the content delivery network (CDN) market. Akamai is not very diversified (i. e., is dependent on the CDN market). If rival CDN providers such as Limelight Networks and Level 3
Communications lower their basic CDN service prices, what would be Akamai's likely response?

Lower its prices

Explanation:

Akamai Technologies, an American content delivery network, cyber security, and cloud service provider can respond to competition by reducing their price offerings. In a market where there is competition, there are more chances of the players engaging in price wars.  

The business also needs to ensure they lower their overall costs so that there would not be huge impacts on them when they lower their own prices. When the cost per unit is lowered in this case, the profit would likely remain the same.