The Practice of Tying Is Used to

question 141

Multiple Choice

The practice of tying is used to

• A)enhance the enforcement of antitrust laws.
• B)encourage the enforcement of collusive agreements.
• C)control the retail price of a collection of related products.
• D)package products to sell at a combined price closer to a buyer's total willingness to pay.

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Definitions:

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and stock exchanges.

Capital Infrastructure

Fundamental facilities and systems serving a country, city, or area, including transportation, communications, sewage, water, and electric systems, that are necessary for economic activity.

Primary Products

Basic commodities that are used as inputs by other industries for production processes, including agricultural products, minerals, and raw materials.

Developing Countries

Nations with a lower living standard, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.