before it raised thaprice, itouldave onsider, what wouldy rivals do?bid, transformers at the going price? my sales would drop off sharply. on t other hand, if i try to cut my pce and undeid my rivals, that could lead to a price war. alprices would plummet downward, with little gain in sales vome for anybody. of course, oligopolists do change their ices, particularly during inflationary periods. t they have to do it carefully, gierly, one might say. and this raises a kind of philosophic probm. if firms gingerly meet together and fix these prices, then they are iniolation of the antitrust laws and can be fined, and their executives thrown in jail. if, on the other hand, they gingerly form a tacit understanding that firm "a" will be the price leader and that it will set prices for the whole industry, taking the interests of its rivals into account, en we ofteget simireconomic ress of course, there is yet 'sstill another wayl. to bring order into e oligopolistic price process -- ha the goverent set prices for you. the airline industry has been deregulated