If Japanese Producers Sell Computer Chips at a Higher Price

question 323

Multiple Choice

If Japanese producers sell computer chips at a higher price in the United States than in Japan, and if there is no cost difference in producing or transporting the chips, the Japanese producers would be practicing

• A) cartel pricing.
• B) price discrimination.
• C) simple monopoly behavior.
• D) price sampling.

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Definitions:

Coincidence-of-wants

A situation in barter economies where two parties each have something the other wants, facilitating a direct exchange without the need for money.

Copyrights

A form of intellectual property protection that grants the creator exclusive rights to their original works of authorship, such as literary, musical, and artistic works.

Trademarks

Distinctive signs or symbols used by a company to identify and distinguish its products or services from those of others.

Property Rights

The legal rights to possess, use, and dispose of assets including real estate, intellectual property, and personal possessions.