Economics B A-Level
Price leadership
What Price leadership means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Price leadership
Check what you remember
Read the wording for your board, then hide it and explain Price leadership in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A method of tacit collusion where a dominant firm sets a price and rivals follow suit.
Topics that use Price leadership
- Oligopoly (Pearson Edexcel A-Level)
Related terms
- Competition regulation
- Concentration ratio
- Market power
- Monopoly power
- Non-price competition
- Oligopoly
- Price discrimination
- Price stability
Using Price leadership in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics B questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics B A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge