Which one of the following is a necessary condition for barometric price leadership? ?->(Show Answer!)

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Which one of the following is a necessary condition for barometric price leadership? ?->(Show Answer!)

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1. Which one of the following is a necessary condition for barometric price leadership?

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MCQ->Which one of the following is a necessary condition for barometric price leadership?....

MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. A classless society, however, does not mean a society without leaders. It means rather one in which every citizen becomes for the first time eligible for leadership, if he has the power to lead. It means a society in which every one is given, as far as possible, the chance to develop this power by the widest diffusion of educational opportunities in the broadest sense, and by keeping the career wide open to talents of every useful kind. It is often said that a community of equals will not allow itself to be led. But in fact, most men are, in most things, very willing to be led, and more in danger of giving their leaders too much than too little authority, especially if they are free to choose them, and assured that the leaders cannot exploit them for personal economic advantage leadership, so far from disappearing, will come into its own in a truly democratic society. But it is likely to be a more diffused leadership than we are used to for a better-nurtured people will have more citizens with strong wills and minds of their own, wishful to lead some in politics, some in industry, and some in professions and arts of life. This is the idea of a classless society. Some will reject it as contrary to their interest, some as utopian and against 'Human nature,' for there are some who deny, indeed if not in word, that the aim of society should be to promote the greatest happiness and welfare of the greatest number and others who hold, with pessimistic honesty, that most men must be driven and not led. What is the tone adopted by the author in this passage?....

MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is....

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