A product is a price leader when
A) it is sold at the highest price.
B) its price maximizes profits.
C) an increase or decrease in price leads to increased revenue or lower costs.
D) it is sold at less than cost in the hope that sales of other products will increase.
E) its price leads the industry in sales.

Question

Quizplus · Accepted Answer

The Answer of A product is a price leader when
A) it is sold at the highest price.
B) its price maximizes profits.
C) an increase or decrease in price leads to increased revenue or lower costs.
D) it is sold at less than cost in the hope that sales of other products will increase.
E) its price leads the industry in sales.

A Product Is a Price Leader When