Multiple Choice
In the cigarette industry either R.J.Reynolds or Phillip Morris, for a time, raised prices twice a year by about 50 cents per carton.The other firms in the industry raised their prices by the same amount.Economists call this
A) predatory pricing.
B) a price war.
C) price leadership.
D) sales maximization.
Correct Answer:
Verified
Correct Answer:
Verified
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