Question
Is any firm capable of being a price leader and impose price threats to its rivals or does a firm have to possess certain specific
Isany firm capable of being a price leader and impose price threatsto its rivals or does a firm have to possess certain specific characteristics to do so?
Also, why are not all firms price leaders in their market and what are the obstacles that prevent them from doing so?
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
