Asked by
Amari Bingley
on Nov 05, 2024
Verified
The price-leadership model is best applied when there are no dominant firms in a market.
Price-Leadership Model
A market situation where one dominant company sets the price of goods or services within an industry and other companies follow suit.
- Understand the role of price leadership in market strategies.
Verified Answer
YJ
Learning Objectives
- Understand the role of price leadership in market strategies.
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