Over the past 20 years, Dominator, Inc., a large firm in an oligopolistic industry, has changed prices

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Over the past 20 years, Dominator, Inc., a large firm in an oligopolistic industry, has changed prices several times.

Each time it does so, the other firms in the industry follow suit. Dominator, Inc., is a

a. monopoly.

b. perfect competitor.

c. price leader.

d. price follower.

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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Question Posted: May 19, 2024 08:02 AM

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Over the past 20 years, Dominator, Inc., a large firm in an oligopolistic industry, has changed prices

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Exploring Microeconomics

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