The Pricing Strategy in Which One Firm Is Allowed to Establish

question 56

Multiple Choice

The pricing strategy in which one firm is allowed to establish the market price for all firms in the market is called

• A)Price discrimination.
• B)Price leadership.
• C)The profit-maximizing rule.
• D)Marginal cost pricing.

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Definitions:

Smaller Number

In a comparison of two or more numbers, the one that is less in value.

Unit Price

The cost per single unit of measure, facilitating cost comparison among similar products.

Tissues Per Box

It indicates the number of individual tissue sheets contained within a single box.

Unit Price

The cost assigned to a single unit of a product or service.