12.4 - Price Leadership
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thank you. Very clearly taught.
lunlunchou 9 months ago
What is the implication if the total demand curve is too elastic (flat) or too inelastic (steep)???
I understand if its too elastic, there will be a problem in cutting the price and will cause excessive residual of goods. Is there other reasons?
shoexy 2 years ago
Sir, that was very helpful indeed, and your presentation is really clear. I just wanted to ask you whether price leadership is always advantageous or not, i.e., whether in a game of price leadership, there always is a first-mover advantage.
In any case, thank you so much.
parachutes2005 4 years ago