Price leadership is a form of
A)tacit collusion.
B)explicit collusion.
C)monopolistic competition.
D)a cartel policing mechanism.

Name: Price leadership is a form of A)tacit collusion. B)explicit collusion. C)monopolistic competition. D)a cartel policing mechanism.
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Question

Quizplus · Accepted Answer

Price leadership involves one firm taking the lead in setting prices, which is often followed by other firms in the market. This is a form of tacit collusion, as the firms are implicitly coordinating without explicit agreement.

Price Leadership Is a Form of