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Many lakes in the United States are suffering from periodic algae blooms, which can be thought of as an infection of the lake.Although the algae are naturally-occurring in the lake, when adjacent farm fields are over-fertilized with diammonium phosphate, the run-off deposits these nutrients in the lake, allowing the algae to grow without limit.Which of the following statements is incorrect regarding the overgrowth of algae?
Vertical Contracts
Agreements between firms at different levels of the supply chain, such as between a manufacturer and a retailer, aimed at controlling or coordinating activities.
Costly Activities
tasks or operations that require a high expenditure of resources, such as time, money, or labor.
New Product
A good, service, or idea that has not previously been brought to the market by its seller.
Tying
A sales practice where a seller requires the purchase of a second product or service together with the first.
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