Regarding Price Leadership,which of the Following Is NOT True? ​

question 13

Multiple Choice

Regarding price leadership,which of the following is NOT true? ​

• A) ​one firm may establish itself as the dominant firm
• B) ​the dominant firm is frequently a larger size or has lower cost structure
• C) ​Price leadership is a model of price-output determination
• D) ​Once established,a barometric price leader will not change
• E) ​price leadership is a pricing strategy followed in many oligopolistic industries

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Definitions:

Physical Reward

Tangible incentives or gifts given to employees or individuals as a recognition for their efforts or achievements.

Insider Trading

The illegal practice of trading on the stock market to one's own advantage through having access to confidential information.

Ethics Competency

The ability to understand ethical principles, recognize ethical dilemmas, and make decisions that are in line with ethical guidelines.

Creative Accounting

The practice of manipulating financial records and reports to present a more favorable view of a company's financial position than is actually the case.