The Orlando, Florida, theme park industry tends to follow a price leadership model.This means that:
A) each theme park sets its own price and operating hours independent of what other parks do.
B) Disney often sets a price and rival theme parks then following with similar if not identical prices.
C) Disney often sets prices only to be undercut by rival firms who prefer to engage in price wars.
D) firms use written agreements to explicitly agree to charge identical prices.
Correct Answer:
Verified
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