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Under dominant firm price leadership Answer the follower firms will set their ow

ID: 1178231 • Letter: U

Question

Under dominant firm price leadership Answer                                                   
           the follower firms will set their own prices rather than follow the price it sets.                             
           the dominant firm accounts for the supply curve of follower firms when it determines its profit maximizing price.                             
           the follower firms are restricted in the amount they can supply.                             
           the dominant firm can ignore the presence of follower firms in the market. Under dominant firm price leadership Under dominant firm price leadership the follower firms will set their own prices rather than follow the price it sets. the dominant firm accounts for the supply curve of follower firms when it determines its profit maximizing price. the follower firms are restricted in the amount they can supply. the dominant firm can ignore the presence of follower firms in the market.                             
           the follower firms will set their own prices rather than follow the price it sets.                             
           the dominant firm accounts for the supply curve of follower firms when it determines its profit maximizing price.                             
           the follower firms are restricted in the amount they can supply.                             
           the dominant firm can ignore the presence of follower firms in the market.

Explanation / Answer

the dominant firm can ignore the presence of follower firms in the market. the dominant firm can ignore the presence of follower firms in the market.