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Some years ago, the three leading aluminum producers in the U.S. changed prices nine times by exactly the same amount each time and usually within one to three days of the initial price increase. This
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Some years ago, the three leading aluminum producers in the U.S. changed prices nine times by exactly the same amount each time and usually within one to three days of the initial price increase. This is an example of _____. Group of answer choices sequential pricing price leadership price discrimination tacit collusion price fixing

User Alan Piralla
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Answer:

Price leadership.

Step-by-step explanation:

Price leadership occurs when a pre-eminent firm (the price leader) sets the price of goods or services in its market. The leading Aluminium producer determine and control the prices leaving the other producer no choice than to follow them.

User HOERNSCHEN
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