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Price Leadership Is a Form of Explicit Collusion Where One

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Price leadership is a form of explicit collusion where one firm in an oligopoly announces a price change and expects all other firms to follow suit.


Definitions:

Conscious Awareness

The state of being aware of and able to think about one's own thoughts, feelings, and perceptions in the moment.

Stimulant

A substance that raises levels of physiological or nervous activity in the body.

Mental Activity

Processes of the mind that include thinking, perceiving, remembering, reasoning, and any other form of cerebral operation.

Physical Activity

Any movement of the body that requires energy expenditure, contributing to improving or maintaining physical fitness.

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