Price leadership can be in the form of

Related MCQs

• Assertion (A) Many oligopolistic industries exhibit an appreciable degree of Price rigidity or stabilityReason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions
• In the case of price leadership by the dominant firm all the firms in the purely oligopolistic industry will produce their best level of output
• If price is equal to average cost, in the short-run, the competitive firm can earn
• If price is greater than average cost, in the short-run, the competitive firm can earn
• If price is less than average cost, in the short-run, the competitive firm can earn
• Uniform price is a feature of
• Equilibrium price is determined under perfect competition by
• Given the supply of a commodity, in the market period, the price of a commodity is determined by
• Break-even point is a point where price is equal to
• Shut-down point is a point where price is equal to