Arrange the following in a sequence with regard to price leadership sustainability:
A. Small firms in the industry are allowed to sell all they want at that price
B. Dominant firm acts as the residual supplier of the commodity
C. The dominant firm sets the price for the commodity that maximizes its profits
D. Small firms in the industry behave as price takers
E. Dominant firm then comes into fill the market
Chose the correct answer from the option given below:
1
A, B, C, D, E
2
E, D, C, B, A
3
A, C, B, D, E
4
C, A, E, B, D