Why does price leadership sometimes evolve in oligopolistic markets? Explain how the price leader determines a profit-maximizing

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Why does price leadership sometimes evolve in oligopolistic markets? Explain how the price leader determines a profit-maximizing price.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:30 AM

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Why does price leadership sometimes evolve in oligopolistic markets? Explain how the price leader determines a profit-maximizing

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Since firms cannot explicitly coordinate on setting price they u...View the full answer

Microeconomics

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