Two market situations in which there is a clear reason for a price leader's identity are:

Name: Two market situations in which there is a clear reason for a price leader's identity are:
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In the efficient firm case, the price leader is typically the firm with the lowest cost structure, as they can afford to set a lower price and still make a profit. In the dominant firm case, the price leader is the firm with the largest market share, as they have the most influence over market prices.

Two Market Situations in Which There Is a Clear Reason