Which of the following is true? a. Price leadership is a form of ...

[rlane42]

Which of the following is true?
 a. Price leadership is a form of explicit collusion.
 b. Price leadership is more likely when there are a substantial number of roughly equally sized firms in oligopoly.
  c. A price leader is most likely to be a dominant firm in an industry.
 d. None of the above is true.

Question 2

The effects of asymmetric information in the car market can be weakened by:
 a. providing a warranty for the product.
  b. purchasing business interruption insurance.
  c. inserting a buyer beware clause in the agreement.
  d. buying a put option.

[wilsonbho]

Answer to Question 1

c

Answer to Question 2

A

[rlane42]

Thanks for the timely response, appreciate it

[lindahyatt42]

Gracias!