Complete the following sentences from the answers below.
(a) Dominant firm price leadership is where:
(b) Tacit collusion is where:
(c) Barometric firm price leadership is where:

(i) firms in an oligopoly set their price according to the price set by the firm whose prices are believed to best reflect market conditions.
(ii) firms in an oligopoly follow 'unwritten' rules regarding price and/or non- price competition.
(iii) firms in an oligopoly set their prices according to the price set by the dominant firm in the industry.

Question

Complete the following sentences from the answers below.
(a) Dominant firm price leadership is where:
(b) Tacit collusion is where:
(c) Barometric firm price leadership is where:

(i)	firms in an oligopoly set their price according to the price set by the firm whose prices are believed to best reflect market conditions.
(ii)	firms in an oligopoly follow 'unwritten' rules regarding price and/or non- price competition.
(iii)	firms in an oligopoly set their prices according to the price set by the dominant firm in the industry.

Quizplus · Accepted Answer

The Answer of Complete the following sentences from the answers below.
(a) Dominant firm price leadership is where:
(b) Tacit collusion is where:
(c) Barometric firm price leadership is where:

(i)	firms in an oligopoly set their price according to the price set by the firm whose prices are believed to best reflect market conditions.
(ii)	firms in an oligopoly follow 'unwritten' rules regarding price and/or non- price competition.
(iii)	firms in an oligopoly set their prices according to the price set by the dominant firm in the industry.

Complete the Following Sentences from the Answers Below