Asked by
Esbeidy Torres
on Oct 12, 2024
Verified
Which company was involved in price leadership?
A) General Electric
B) U.S.Steel
C) Westinghouse
D) Archer Daniels Midland
Price Leadership
A situation where the largest or most dominant company in an industry sets prices that other companies then follow.
General Electric
An American multinational conglomerate involved in various sectors including energy, aviation, and healthcare.
U.S. Steel
An integrated steel producer with major production operations in the United States and Central Europe.
- Discern the characteristic strategies and practices of oligopolistic entities, including forming collusions and assuming roles of price leadership.
Verified Answer
GC
Learning Objectives
- Discern the characteristic strategies and practices of oligopolistic entities, including forming collusions and assuming roles of price leadership.