The pricing strategy in which one firm is allowed to establish the market price for all firms in the market is called

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Price leadership is a pricing strategy in which one dominant firm in the market sets the price, and other firms follow suit. The leader firm typically has more market power and influence than the other firms and sets the price based on its own costs and demand conditions. The other firms then adjust their prices accordingly. This strategy is often observed in oligopolistic markets where a few large firms dominate the market.

The Pricing Strategy in Which One Firm Is Allowed to Establish