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Author Question: The price-leadership model does notassume the (Read 55 times)

Yi-Chen

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on: Apr 19, 2019

Question 1

A form of oligopoly in which a dominant firm sets the price and all smaller firms in the industry follow the dominant firm's pricing policy is called


◦ the Cournot model.
◦ the contestable markets model.
◦ a cartel.
◦ the price-leadership model.

Question 2

The price-leadership model does 
not assume the


◦ demand elasticity in response to an increase in price is different from the demand elasticity in response to a price cut.
◦ industry is made up of one large firm and a number of smaller, competitive firms.
◦ dominant firm maximizes profit.
◦ dominant firm allows the smaller firms to sell all they want at the price the leader has set.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Yi-Chen on Apr 19, 2019

InfiniteSteez

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Yi-Chen

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

rachel

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Reply 3 on: Yesterday
Excellent

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