The reason why weaker firms accept price leadership is that they
a. maximize profit that way
b. get an equal share of the market
c. can collude to eventually challenge the dominant firm
d. are protected from price competition
e. can lower their prices to increase market share without upsetting the price leader
D
Economics
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If the competitive firm maximizes profit by selecting labor rather than output, it will earn greater economic profit
Indicate whether the statement is true or false
Economics