Under price leadership
A) the leader must be the dominant firm in the industry
B) all firms follow price changes initiated by the leader
C) price cuts are followed by other firms in the industry,but price increases are not
D) price increases are followed by other firms in the industry,but price cuts are not
E) price wars often occur as a result of tit-for-tat strategies
Correct Answer:
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A)price discrimination
B)economies of scale
C)horizontal
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A)form of explicit collusion
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