If an industry has a price leader, it is most likely to be a ...

[saraeharris]

If an industry has a price leader, it is most likely to be a dominant firm.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Sam, a fish wholesaler, entered into a contract with a department store to supply herring at a price of 2.50 per pound for a year. When a hurricane closed most fisheries Sam increased the price to 3.25 per pound and refused to sell at the old price. Sam's behavior is an example of opportunism.
  Indicate whether the statement is true or false

[britb2u]

Answer to Question 1

True

Answer to Question 2

T

[saraeharris]

Excellent

Thanks for the timely response, appreciate it