________ is a restraint of trade in which a seller refuses to sell one product to a customer unless the customer agrees to purchase a second product from the seller.
A. A tying arrangement
B. Predatory pricing
C. Price fixing
D. A group boycott
Answer: A
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Indicate whether the statement is true or false
Short-term notes payable:
A. Rarely involve interest charges. B. Are a conditional promise to pay. C. Are not negotiable. D. Can be issued in return for money borrowed from a bank. E. Cannot replace an account payable.
Cox, North, and Lee form a partnership. Cox contributes $180,000, North contributes $150,000, and Lee contributes $270,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $150,000 for its first year, what amount of income is credited to Cox's capital account?
A. $45,000. B. $60,000. C. $64,286. D. $50,000. E. $36,000.
All of the following are true about the American Stock Exchange except
A) it is the second most important of the organized exchanges. B) it is one of the secondary markets. C) its trading volume is a small fraction of that of the NYSE. D) its dollar volume is larger than all the regional exchanges. E) it ranks as number two in terms of the number of companies it lists.