Some years ago, the three leading aluminum producers in the U.S. changed prices nine times by exactly the same amount each time and usually within one to three days of the initial price increase. This is an example of _____.
A) sequential pricing
B) price leadership
C) price discrimination
D) tacit collusion
E) price fixing
Correct Answer:
Verified
Q1: Which of the following is a key
Q2: An oligopoly firm's effective demand curve will
Q3: When the four-firm concentration ratio is less
Q4: The laundry machine industry has a four-firm
Q6: In the Cournot model of quantity competition,
Q7: The following matrix shows the pricing
Q8: The quantity that is set by the
Q9: Which of the following correctly explains the
Q10: The model of the kinked demand curve
Q11: The following matrix shows the pricing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents