Price leadership can be in the form of

Related MCQs

• Assertion (A) Many oligopolistic industries exhibit an appreciable degree of Price rigidity or stability Reason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions
• Price leadership is a feature of:
• The dual pricing system of charging high price during peak time and low price during of peak time is called
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is
• The dual pricing system of charging high price during peak time and low price during of peak time is called
• 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
• Price is constant or "given" to the individual firm selling in a purely competitive market because:
• When a purely competitive firm is in long-run equilibrium, price is equal to: