D
Dreamshot
Guest
Price leadership, markup pricing, and other facilitating practices exist because:
A.these practices allow firms to pursue their dominant strategy.
B.these practices allow firms to behave as if they are part of a "shared monopoly" without violating antitrust laws.
C.these practices result in the highest possible level of profits for each firm, regardless of the actions of rival firms.
D.antitrust laws require that firms use these policies instead of a more competitive pricing mechanism.
A.these practices allow firms to pursue their dominant strategy.
B.these practices allow firms to behave as if they are part of a "shared monopoly" without violating antitrust laws.
C.these practices result in the highest possible level of profits for each firm, regardless of the actions of rival firms.
D.antitrust laws require that firms use these policies instead of a more competitive pricing mechanism.