In price leadership oligopoly model

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Reference no: EM131160432

In a price leadership oligopoly model,

a) a cartel of leading firms determines price and industry output.

b) the industry in consortium with the government determines price and output.

c) one firm is the price leader and all other firms follow.

d) the firms abandon a profit-maximizing goal.

e) firms do not operate where MR = MC.

Reference no: EM131160432

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