A product is a price leader when: A)it is sold at the highest possible price. B)an increase in price leads to increased revenue C)it sometimes is sold at less than cost in the hope that sales of other products will increase. D)its price leads the industry and competitors follow with similar prices.

A product is a price leader when:
A)it is sold at the highest possible price.
B)an increase in price leads to increased revenue
C)it sometimes is sold at less than cost in the hope that sales of other products will increase.
D)its price leads the industry and competitors follow with similar prices.
by

1 Answer

Answer :

C)it sometimes is sold at less than cost in the hope that sales of other products will increase.
D)its price leads the industry and competitors follow with similar prices.
by

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