In oligopolistic markets, there often tends to be a price leader who dictates the direction of price levels.

Name: In oligopolistic markets, there often tends to be a price leader who dictates the direction of price levels.
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In oligopolistic markets, a few firms dominate, and one firm often emerges as a price leader, influencing others to follow its pricing strategy to maintain market stability.

In Oligopolistic Markets, There Often Tends to Be a Price