Which of the following are examples of companies which have been, at one time, successful price leaders:

Check All That Apply

• deBeers
• General Motors
• American Airlines
• Ford
• R. J. Reynolds

If we found that one manufacturer of televisions constantly was the first to announce any change in pricing, and that the other manufacturers consistently matched whatever the first one did, we might be seeing an example of:

Multiple Choice

• monopolistic competition
• a cartel
• price leadership
• barriers to entry