Solved

If Best Lights, Lights R Us, and Bright Lights Are

Question 85

Multiple Choice

If Best Lights, Lights R Us, and Bright Lights are all competing in the light bulb market and Best Lights consistently is the first to change prices, Best Lights might be________ .


A) signaling to the other firms to consistently raise their prices
B) offering to be the price leader
C) signaling to the other firms to consistently maintain their prices
D) signaling to the other firms to consistently lower their prices

Correct Answer:

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