must generally be annou… Show more Price matching is a strategic move that seeks to make cheating unprofitable. must generally be announced publicly in order to have the desired effect. has no usefulness to managers if a simultaneous pricing decision is going to be made only one time. both a and b all of the above 34 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 35 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 a 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 36 Tacit collusion in a market represents a method for a. collusion to discourage entry into the market. b. a price-fixing agreement when such agreements are legal. c. agreeing on price without explicit communication among firms. d. cheating on a cartel price. e. none of the above 37 To successfully practice price discrimination a. the firm must be a pure monopoly b. the firm must possess market power c. it must be difficult for consumers in one market to sell to consumers in the other market d. both a and c e. both b and c • Show less