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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.

Grasp the voting rights and mechanisms shareholders can use to exert influence over corporate decisions.
Differentiate between preferred stock and common stock in terms of dividend priority and bankruptcy claims.
Calculate dividend yield and its significance in stock valuation.
Recognize the characteristics and financial implications of a cash cow.

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