Price Leadership Is a Form of Explicit Collusion Where One

question 227

True/False

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.

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Definitions:

Lingual Frenulum

The lingual frenulum is a small fold of mucous membrane that extends from the floor of the mouth to the midline of the underside of the tongue, aiding in the movement of the tongue.

Oral Cavity

The mouth, an opening in the body equipped with teeth, tongue, and glands, acting as the entry point for food and air.

Tongue

A muscular organ in the mouth of most vertebrates that manipulates food for chewing and swallowing and is used in the act of speech.

Gallbladder

A small, pear-shaped organ located beneath the liver, storing and concentrating bile produced by the liver before it is released into the small intestine.