Author Question: A form of oligopoly in which ________ is called the price-leadership model. (Read 34 times)

kfurse · **on:** Apr 19, 2019

Question 1

An oligopoly with a dominant price leader will produce a level of output below that which would prevail under ________ and above that which a ________ would choose in the same industry.

◦ monopoly; cartel
◦ competition; monopolist
◦ monopoly; competitive industry
◦ cartel; competitive industry

Question 2

A form of oligopoly in which ________ is called the price-leadership model.

◦ all firms collude when setting the price
◦ price is set by government regulation
◦ price is determined by the market
◦ a dominant firm sets the price and all smaller firms in the industry follow the dominant firm's pricing policy

abro1885 · **Reply #1 on:** Apr 19, 2019

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