In many oligopolistic industries firms follow a price, Ask an Expert

Management Studies

In many oligopolistic industries, firms follow a price leadership strategy, in which an accepted industry leader sets, raises, or lowers prices and the other firms follow.

Why is this good policy for the industry? In what ways is this good or bad for consumers?

What is the difference between price leadership and price fixing? Should governments allow industries to use price leadership strategies?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92040354

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