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LSDefine

Simple English definitions for legal terms

price leadership

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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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does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
Send MA ID
BulbasaurNoLikeCardio
16:16
LawHub blocking me from status checker, guess I ain't going to law school now
"Go touch grass" - Lawhub
BulbasaurNoLikeCardio
16:17
Pretty much lol
BulbasaurNoLikeCardio
16:18
Even though its only second check of the day
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