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During certain periods in the past few decades, if one of the three major breakfast cereal producers in the United States announced a price increase,
During certain periods in the past few decades, if one of the three major breakfast cereal producers in the United States announced a price increase, the other two announced a similar price increase within days. This is a good example of
During certain periods in the past few decades, if one of the three major breakfast cereal producers in the United States announced a price increase, the other two announced a similar price increase within days. This is a good example of
the price leadership model of oligopoly
the kinked demand curve model of oligopoly
monopolistic competition
game theory
a cartel
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Managerial Economics A Problem-Solving Approach
Authors: Luke M. Froeb, Brain T. Mccann
2nd Edition
B00BTM8FK0
