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Dominant price leadership exists when the dominant firm decides how much each of its competitors can sell. one firm drives the others out of the

Dominant price leadership exists when

the dominant firm decides how much each of its competitors can sell.

one firm drives the others out of the market.

the dominant firm establishes the price at the quantity where its MR = MC, and permits all other firms to sell all they want to sell at that price.

the dominant firm charges the lowest price in the industry.

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