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Price leader is a firm that sets the highest price in the industry.

Price leader is a firm that sets the highest price in the industry.

 

 

12.The price leader in a market possesses the capacity to punish.

 

 

13.Mutual forbearance refers to retaliatory attacks on a competitor's other markets if this competitor attacks a firm's original market.

 

 

14.Market commonality refers to the degree of similarity between two rival's products.

 

 

15.A low degree of market commonality suggests that if a firm attacks in one market, its rivals may engage in cross-market retaliation.

 

 

16.Antitrust policies aim to balance efficiency and fairness in trade.

 

 

17.Formal institutions governing domestic competition are broadly guided by competition policy.

 

 

18.In order to win a predation case in the US, “an attempt to monopolize” must be proved against the accused.

 

 

19.The International Trade Administration investigates antidumping cases in the United States.

 

 

20.The antitrust policies in the United States make it difficult for incumbents to raise entry barriers for new entrants.

 

Dec 08 2019 Read more Less More

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