Nancy Dutta India 1k Questions 2k Answers 18 Best Answers 4k Points View Profile 0 Nancy Dutta Asked: May 7, 20202020-05-07T00:38:33+05:30 2020-05-07T00:38:33+05:30In: Education Explain the price leadership model under oligopoly. 0 Explain the price leadership model under oligopoly. basic questions Share Facebook 2 Answers Voted Oldest Recent Newton D India 361 Questions 225 Answers 1 Best Answer 1k Points View Profile Newton Dutta Added an answer on May 7, 2020 at 12:27 pm Price leadership is common in oligopolies, such as the airline industry, whereby a price leader sets the price and all the other competitors feel compelled to lower their prices to match. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp manish1008 Bahadurgarh, India 1k Questions 1k Answers 0 Best Answers 4k Points View Profile manish1008 Added an answer on May 7, 2020 at 6:06 am The collusive price-leadership model may emerge in an oligopoly as a result of an explicit or implicit agreement among a handful of dominant firms to keep their prices in mutual alignment. The smaller firms follow the price change initiated by the dominant firms. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.