Each spring,Firm A brings out the new model of its product and announces the price.Rival firms B,C and D soon follow with their new models and announce prices similar to A's.What is this an example of?
A) Mark-up pricing.
B) A cartel.
C) Collusion.
D) Price leadership.
E) A kinked-demand curve.
Correct Answer:
Verified
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A)It is the
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