What is one way firms can enforce tie-in sales?
A) One of the goods has no close substitutes.
B) contractual arrangements
C) information asymmetry
D) Any of the above.
D
Economics
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An unregulated pure monopolist will maximize profits by producing that output at which:
A. P = MC. B. P = ATC. C. MR = MC. D. MC = AC.
Economics
How does the imposition of an excise tax on a good affect its market equilibrium?
A) Equilibrium quantity decreases, and equilibrium price decreases. B) Equilibrium quantity decreases, and equilibrium price increases. C) Equilibrium quantity increases, and equilibrium price decreases. D) Equilibrium quantity increases, and equilibrium price increases.
Economics