_____ occurs when Firm A follows Firm B's lead on pricing without any formal agreement to do so.

Name: _____ occurs when Firm A follows Firm B's lead on pricing without any formal agreement to do so.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

A tit-for-tat strategy involves one firm responding to the actions of another, such as pricing, in a manner that mirrors the other firm's actions, without any formal agreement. This can be a way to maintain stability in the market without engaging in illegal price fixing.

_____ Occurs When Firm a Follows Firm B's Lead on Pricing