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Explain Price leadership, and also write it's types.
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written 3.5 years ago by
prajapatijaimin
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Solution:
Price leadership:
Price leadership is imperfect collusion among the oligopolistic firms in an industry with the dominant firm as all firms follow the dominant firm as one of the big firms in an oligopolistic market.
There is an agreement among all the firms to sell the product at a …
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