Multiple choice

Price leadership is a form of

  1. monopolistic competition

  2. monopoly

  3. non-collusive Oligopoly

  4. perfect competition

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Price leadership occurs when one dominant firm sets prices and other firms in the industry follow suit without any formal agreement. This makes it a form of non-collusive oligopoly - there's implicit coordination but no explicit collusion.