Use a form of implicit cooperation called price leadership

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Some oligopolies use a form of implicit cooperation called price leadership, which is legal in the US. Why do you think these firms try to engage in this practice? And why does price leadership often fail?

Reference no: EM13829969

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Use a form of implicit cooperation called price leadership : Some oligopolies use a form of implicit cooperation called price leadership, which is legal in the US. Why do you think these firms try to engage in this practice? And why does price leadership often fail?

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