A ________ is a firm that sets "acceptable" industry prices or acceptable "profit margins" in an industry.
A)price leader
B)differentiator
C)cost leader
D)flag bearer

Question

Quizplus · Accepted Answer

Price leaders are firms in an industry that set the acceptable prices and profit margins for the rest of the industry. They have a significant market share and influence over other firms in the industry.

A ________ Is a Firm That Sets "Acceptable" Industry Prices