When a concave downward function is present, increasing advertising expenditures result in:

'Procurement' is one of the '4Ps' of marketing

Indicate whether the statement is true or false

A major watch manufacturer, Time Out Inc., told retail stores that sold Time Out products that they had to sell the watches at set specific prices or else Time Out would refuse to supply them with watches. As a result Time Out

A) is guilty of tied selling B) is guilty of exclusive dealing C) is guilty of predatory pricing D) is guilty of price maintenance E) is guilty of nothing as it has the right to maintain the price and reputation of its products