Which of the following is a legal way to reduce the price problems oligopolies face?

Question

Quizplus · Accepted Answer

Price leadership is a legal strategy used by oligopolies where a dominant firm sets the price and the other firms in the oligopoly follow suit. This helps to reduce price competition and can lead to price stability in the market. Collusion and formation of cartels are illegal strategies where firms agree to set prices or divide the market, and merging to become monopolists is also illegal as it reduces competition in the market.

Which of the Following Is a Legal Way to Reduce