Vertical Foreclosure Is an Example of a Firm

question 34

Multiple Choice

Vertical foreclosure is an example of a firm

• A)raising its rivals' costs.
• B)that merges with a rival firm with the intention of eliminating the rival firm's product from the market.
• C)that controls an essential upstream input refusing to sell to other downstream firms that need the input.
• D)raising its rivals' costs and that controls an essential upstream input refusing to sell to other downstream firms that need the input.

---

Definitions:

Writ of Certiorari

An order issued by a higher court to a lower court to send up the records of a case for review, often used by the U.S. Supreme Court to select cases.

Original Jurisdiction

The authority of a court to hear a case first, before any other court has reviewed the matter.

Supreme Court Justices

The judges appointed to the highest court in the land, responsible for interpreting the Constitution and reviewing significant legal issues.

U.S. Supreme Court

The highest court in the United States, which has the ultimate judicial authority to interpret federal laws including the Constitution.