Acme Computer Co

question 395

Multiple Choice

Acme Computer Co. sells computers to retail stores for $400. If Acme requires the retailers to charge customers $500 for the computers, then it is engaging in

• A)resale price maintenance.
• B)predatory pricing.
• C)tying.
• D)monopolistic competition.

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Definitions:

Articles of Confederation

The Articles of Confederation was the first constitution of the United States, in effect from 1781 to 1789, that provided a loose federation of sovereign states and a weak central government.

Voluntary Association

An organization formed by individuals who voluntarily come together to pursue common interests or goals.

Independent States

Sovereign entities that have control over their own territory, with the power to make and enforce laws, and engage in relations with other states.

Bicameral Legislature

A legislative body consisting of two separate chambers or houses, typically an upper and a lower house, each with distinct powers and responsibilities.