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Business, 23.07.2019 10:30 owenr4758

Three separate oligopolists in the same industry serve a city. company a is the dominant firm in the industry and produces a large share of the total output in the industry. companies b and c are rival firms, but they are much smaller than company a. company a sets its price at a level that maximizes its own profits. according to the theory of price leadership, what will companies b and c likely do

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