The basic difference between mixed and pure bundling is that
A) in pure bundling, buyers can only buy a collection of goods, while with mixed bundling, they can buy the collection or the components of the collection separately.
B) in pure bundling, buyers must buy a collection of goods, while in mixed bundling, buyers pay different prices for the same collection.
C) price elasticities are generally elastic when pure bundling is used while unitary elasticity is prevalent when mixed bundling is used.
D) the costs of production vary between the two types of bundling.
A
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The working-age population can be divided into two groups
A) people in the labor force and people looking for work. B) people in the labor force and people with a job. C) people looking for work and those in the armed forces. D) people in the labor force and people who are not in the labor force.
If in a market the last unit of output was sold at a price higher than marginal cost
A) producer is better off producing more. B) consumers are better off if less of the product is sold. C) social welfare is not maximized. D) the unit increased total profit.
One of the series included among the lagging indicators is
A) the change in sensitive material prices. B) the index of industrial production. C) employees on non-agricultural payrolls. D) average duration of unemployment.
If the inflation rate is higher than expected, real income is redistributed from lenders to borrowers
a. True b. False