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:

Gastrin

A hormone produced by the stomach that stimulates the secretion of gastric acid.

CCK

Cholecystokinin, a hormone that stimulates the digestion of fats and proteins by promoting the release of digestive enzymes and bile from the pancreas and gallbladder.

Submucosa

A layer of tissue beneath the mucosa, containing blood vessels, nerves, and connective tissue, providing support and nourishment to the mucosal layer.

Mucosa

The moist tissue layer lining some organs and body cavities, including the nose, mouth, lungs, and digestive tract, that secretes mucus.