The Mojo printer company requires its customers to buy Mojo ink jet cartridges for its printers. This strategy demonstrates ______.
a. tie-in-sales
b. predatory pricing
c. price discrimination
d. mutual interdependence
a. tie-in-sales
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One theory of unemployment argues that the unemployment rate will rise when
a. people have accurate expectations regarding the inflation rate. b. unexpected inflation causes people to be "fooled" by high absolute wages. c. people mistakenly believe their wages have greater purchasing power. d. people overestimate the rate of inflation.
If it is easy to uncover buy and sell orders above and below current transactions prices, a market is said to
A) be primary. B) lack breadth. C) be deep. D) be resilient.
Bid-rigging has all of these features EXCEPT
a. It is a collusive agreement b. The bid-riggers pay a smaller amount than without bid-rigging c. Bid-riggers need an auxiliary mechanism to allocate the good within the bid-riggers d. Bid rigging is usually a legitimate and legal strategy for the buyer-side
The majority of American workers are employed in the manufacturing sector
a. True b. False Indicate whether the statement is true or false