In the model of price leadership, the dominant firm sells the most because it consistently charges the lowest price.

Name: In the model of price leadership, the dominant firm sells the most because it consistently charges the lowest price.
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In the price leadership model, the dominant firm sets the price, but it doesn't necessarily charge the lowest price. It sets a price that maximizes its profit while allowing other firms to follow.

In the Model of Price Leadership, the Dominant Firm Sells