(Answered) Since under price leadership by the dominant firm the firms

Economics

Since under price leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves, the followers break even in the long run. True or False? Explain.

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Macroeconomics, Economics

Category:- Macroeconomics
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