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Author Question: Regarding price leadership, which of the following is NOT true? a. one firm may establish itself as ... (Read 41 times)

sc00by25

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on: Jul 1, 2018
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


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Harbringer

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


sc00by25

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

matt95

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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