Explain the pricing under price leadership
Explain the pricing under price leadership.
Expert
The price leadership implies the leading firm finds out the price and others follow this. All the firms in the industry adjusts, the price fixed through the price leader.
The large firm that that fixes the price is termed as the price maker and the firms, who follow this, are termed as price –takers. Four types of the price leadership are there. These are: 1. Dominant price leadership: Under this situation, there exist many minute firms and one large firm and the huge firm fix the price and the small firms under the market accept such price. 2. Barometric Price Leadership: In this situation one reputed and experienced firm’ price fixes and others may follow this. 3. Aggressive Price Leadership: In this market condition, one dominating firm fixes the price as well as they compel all others within the industry to follow the price. 4. Effective Price Leadership: In this condition, there is small number of firms within the industry.
States the term Production?
On-job training, there a college education, as well as leadership skills is all illustrations of: (w) financial capital. (x) human capital. (y) investment. (z) economic capital. Hey friends please give your opinion for the problem
Give a brief introduction of the term P/V ratio and Contribution?
Provide a brief introduction of the term Margin of Safety?
Illustrates the term Law of Demand? Answer: The law of Demand is termed as the “first law in market”. It shows the relation in between quantity and price
What are the features of phases of business cycle?
Illustrates the conditions of price discrimination?
A backward bending supply curve is more likely to arise for the supply of: (1) labor. (2) land. (3) capital. (4) tomatoes. (5) leisure. Please choose the right answer from above...I want your suggestion for t
By lying off three workers, total costs of a firm fall by $210 per day, indicating that the marginal: (w) revenue product of labor is $210. (x) revenue product of labor is $70. (y) resource cost of labor is $210. (z) resource cost of labor is $70.
States the term fixed cost in briefly.
18,76,764
1924973 Asked
3,689
Active Tutors
1435373
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!