Question

Given below are two statements:
Statement I: Price signalling refers to implicit collusion in which a firm announces a price increase in the hope that other firms will not follow suit.
Statement II: Price leadership refers to a pattern of pricing in which one firm regularly announces price changes that other firms then match.
In the light of the above statements, choose the correct answer from the options given below:

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement II are false
• C. Statement I is true but Statement II is false
• D. Statement I is false but Statement II is true

Answer 1

The Correct Option is D

The correct option is(D): Statement I is false but Statement II is true