Recent Posts • Latest Topics • Unanswered Questions

Suppose that three oligopolistic firms are currently charging $12 for their product. The three ...

corie

wrote...

Go to Answer

Posts: 767

Rep:

7 years ago

Suppose that three oligopolistic firms are currently charging $12 for their product. The three ...

Suppose that three oligopolistic firms are currently charging $12 for their product. The three firms are about the same size. Firm A decides to raise its price to $18, and announces to the press that it is doing so because higher prices are needed to restore economic vitality to the industry. Firms B and C go along with Firm A and raise their prices as well. This is an example of
A) price leadership.
B) collusion.
C) the dominant firm model.
D) the Stackelberg model.
E) none of the above

Textbook

Microeconomics

Edition: 8^th

Author: Pindyck

Read 66 times

1 Reply

Report

Replies

Answer verified by a subject expert

boransal

wrote...

Posts: 477

Rep:

7 years ago

More solutions for this book are available here

Report

Related Topics

corie Author

wrote...

7 years ago

This calls for a celebration Person Raising Both Hands in Celebration

Gorgio_De

wrote...

Yesterday

Just got PERFECT on my quiz

Harvinder

wrote...

2 hours ago

Thanks

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

678 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

684

118

320

Your Opinion

Previous poll results: Does a gender wage gap exist in America?

Courses by Biology Forums

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

The Toxic Skin and Fungi Defense

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.