Price matching is a strategic commitment. is a flexible pledge to match any lowe

Question

Price matching is a strategic commitment. is a flexible pledge to match any lower prices offered by rivals. must be irreversible in order to have the desired effect.both a and c. both b and c Price leadership is rather uncommon today. is a pricing arrangement in which one firm in an oligopoly agrees to act as a cartel manager and set price that will maximize the profits of all the firms in the oligopoly market. would not be useful to a dominant firm if it could eliminate all its rivals through a price war. none of the above

Explanation / Answer

Price matching is a flexible pledge to match any lower prices offered by rivals. It helps to increase the supply of the products during inflation.

Price leadership is a pricing arrangement in which one firm in an oligopoly agrees to act as a cartel manager. It also sets a price that would maximize the profits of all firms in the oligopoly market.

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