Price leadership is a form of explicit collusion where one firm in an oligopoly announces a price change and expects all other firms to follow suit
Indicate whether the statement is true or false
FALSE
Economics
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Research shows that prices tend to remain sticky for a longer period of time
A) in the manufacturing sector than in the service sector. B) in the service sector than in the manufacturing sector. C) in Western Europe than in the United States. D) in the United States than in Western Europe.
Economics
An allocation in which one person can be made better off only by making someone else worse off is
A) inefficient. B) efficient. C) a partial equilibrium. D) a general equilibrium.
Economics