Regarding price leadership, which of the following is NOT true? ...

[sc00by25]

Regarding price leadership, which of the following is NOT true?
 a. one firm may establish itself as the dominant firm
 b. the dominant firm is frequently a larger size or has lower cost structure
 c. Price leadership is a model of price-output determination
 d. Once established, a barometric price leader will not change
 e. price leadership is a pricing strategy followed in many oligopolistic industries

Question 2

First-mover advantage is a characteristic of
 a. A simultaneous-move game
  b. A dominant strategy
  c. A sequential-move game
  d. A Nash equilibrium

[Harbringer]

Answer to Question 1

d

Answer to Question 2

c

[sc00by25]

Great answer, keep it coming

[tuate]

Thanks for the timely response, appreciate it