Asked by
Nolan Bemiss
on Oct 27, 2024
Verified
Microsoft sets prices for its new line of computers,and Dell and HP follow.This practice is known as:
A) antitrust pricing.
B) price extortion.
C) price leadership.
D) kinked demand behavior.
Price Leadership
A situation where the dominant firm in a market sets the price of a good or service, which is then followed by other firms.
Line of Computers
A series or range of computers produced by a company, often sharing similar features or marketed for similar audiences.
- Identify and examine the strategies that firms apply in oligopoly markets, involving collusion, competition beyond price measures, and leading price strategies.
Verified Answer
SK
Learning Objectives
- Identify and examine the strategies that firms apply in oligopoly markets, involving collusion, competition beyond price measures, and leading price strategies.