[Solved] Each Spring,Firm a Brings Out the New Model of Its

Question 59
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Each spring,Firm A brings out the new model of its product and announces the price.Rival firms B,C and D soon follow with their new models and announce prices similar to A's.What is this an example of?

A)Mark-up pricing.
B)A cartel.
D)Price leadership.
E)A kinked-demand curve.


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