All companies charge the same price and smaller players follow the price set by the market players. Which is this method?

Question

Quizplus · Accepted Answer

Going rate pricing is a strategy where companies set their prices based on the prices charged by the dominant players in the market, often matching or slightly adjusting prices in response to the market leaders. This is common in industries where products are similar and competition is high.

All Companies Charge the Same Price and Smaller Players Follow