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LSDefine

Simple English definitions for legal terms

price leadership

Read a random definition: ca. resp

A quick definition of price leadership:

Price leadership is when a company that is a leader in its industry sets a price for its products or services that other companies in the same field follow. This is not illegal as long as there is no evidence of an intention to create a monopoly.

A more thorough explanation:

Price leadership is a situation in a market where a company that is a leader in the industry sets a price for a product or service, and other companies in the same industry follow suit by setting their prices at the same level. This is usually done by the company with the largest market share or the most influence in the industry.

For example, if Apple sets the price for its latest iPhone model at $1,000, other smartphone manufacturers may follow suit and set their prices at a similar level. This is because they do not want to lose customers to Apple, who may be willing to pay a premium for the latest technology.

Another example is the airline industry, where one airline may set the price for a particular route, and other airlines will match that price to remain competitive.

Price leadership is not illegal on its own, but it can be a concern if it is used to create a monopoly or to collude with other companies to fix prices. Antitrust laws are in place to prevent such practices.

price index | price-level-adjusted mortgage

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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