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Price leadership Group of answer choices Is illegal under the Federal Trade Commission Act. None of the Answers are Correct Typically results in greater instability in oligopolistic markets. Permits oligopolistic firms in a given market to coordinate marketwide price changes. Is common in perfectly competitive markets.

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Price leadership permits oligopolistic firms in a given market to coordinate market wide price changes.

What is oligopolistic competition?

  • A circumstance where there are few sellers (of products that can be differentiated, but not much); each seller has a significant share of the market and cannot afford to ignore the other sellers' actions.
  • An oligopolistic market (also known as an oligopoly) is characterized by the dominance of a small number of businesses that provide comparable products and services over a large number of others.
  • In an oligopolistic market, there are few competitors, which limits competition and enables every firm to thrive.
  • The environment often encourages cooperative behavior and regular business ties between companies.

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