Skip to Main Content
Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
Price and Output Determine Oligopoly 141
The Barometric Price Leadership
Another form of price leadership is barometric price leadership. In this form of price leadership, a rm
initiates well-publicized changes in price which are generally followed by the rival rms. is kind of
price leadership may not necessarily come from the largest rm of the industry. e barometric rm is,
however, supposed to have a better knowledge of the prevailing market conditions and has an ability to
predict the market conditions more precisely than any of its competitors. ese qualities of the baro-
metric rm should have been established and recognized over ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Macroeconomics, Third Edition, 3rd Edition

Macroeconomics, Third Edition, 3rd Edition

Professor David G. Tuerck
Economics DeMYSTiFieD

Economics DeMYSTiFieD

Melanie Fox, Eric Dodge

Publisher Resources

ISBN: 9788131797655