Author Question: If an industry has a price leader, it is most likely to be a dominant firm. a. True b. False ... (Read 181 times)

saraeharris · **on:** Jun 30, 2018

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