A product is a price leader when:
A) it is sold at the highest price.
B) its price maximizes profits.
C) an increase or decrease in price leads to increased revenue or lower costs.
D) it is sold at a lower cost in the hope that sales of other products will increase.
E) its price leads the industry in sales.

Question

Quizplus · Accepted Answer

The Answer of A product is a price leader when:
A) it is sold at the highest price.
B) its price maximizes profits.
C) an increase or decrease in price leads to increased revenue or lower costs.
D) it is sold at a lower cost in the hope that sales of other products will increase.
E) its price leads the industry in sales.

A Product Is a Price Leader When