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.
What did professor Hidbon illustrates about Demand?
Does managerial economic as a tool for Forward Planning? Explain this term briefly.
Economic rent shows part of the payment for the utilization of: (w) landowners’ labor and capital to keep their land. (x) landowners’ buildings and equipment. (y) resources for that supplies are less than perfectly elastic. (z) any piece o
Insistence by a potential employer which job applicants submit a résumé is an illustration of: (1) networking. (2) screening. (3) signaling. (4) bragging. (5) qualifying. Please choose the right answer from above...I
What are the features of phases of business cycle?
What are the important areas of decision making?
Define the Econometric Methods.
Illustrates the merits of scarcity definition?
A change in a derived demand is best demonstrated while there are increases in: (1) sales of roasted peanuts during baseball season. (2) new car sales during economic downturns. (3) orders for new capital throughout economic booms. (4) beef prices when cowboys unioniz
States the Extension and Contraction of Demand.
18,76,764
1927372 Asked
3,689
Active Tutors
1457633
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!