Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
Nisha Sharma posted an Question
October 06, 2021 • 16:50 pm
![]()
30 points
30 points
- UGC NET
- Commerce
Ihere are variois 10tm o price leadership by low cost firm price leadership by a large (dominant) firm barometric price leadership
Ihere are varioIs 10Tm O Price leadership by low cost firm Price leadership by a large (dominant) firm Barometric Price leadership
1 Answer(s)
Answer Now
- 0 Likes
- 2 Comments
- 0 Shares
Do You Want Better RANK in Your Exam?
Start Your Preparations with Eduncle’s FREE Study Material
- Updated Syllabus, Paper Pattern & Full Exam Details
- Sample Theory of Most Important Topic
- Model Test Paper with Detailed Solutions
- Last 5 Years Question Papers & Answers
Sign Up to Download FREE Study Material Worth Rs. 500/-
Rucha rajesh shingvekar![best-answer]()
the low-cost price leadership model, an oligopolistic firm having lower costs than the other firms sets a lower price which the other firms have to follow. Thus the low-cost firm becomes the price leader. The dominant price leadership model occurs when one firm controls the vast majority of the market share in its industry. Within the industry, there are other, smaller firms that provide the same products or services as the leading firm. ... A dominant price leadership model is sometimes referred to as a partial monopoly. The barometric price leadership model occurs when a particular firm is more adept than others at identifying shifts in applicable market forces, such as a change in production costs. This allows the firm to respond to market forces more efficiently. For instance, the firm may initiate a price change.