question archive Price leadership a
Subject:MarketingPrice:2.88 Bought3
Price leadership
a. is rather uncommon today.
b. is a pricing arrangement in which one firm in an oligopoly agrees to act as a cartel manager and set a price that will maximize the profits of all the firms in the oligopoly market.
c. would not be useful to a dominant firm if it could eliminate all its rivals through a price war.
d. none of the above.
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