Asked by Demia Kelly on Jul 21, 2024
Verified
If a buyer who wants product A is required by the seller to buy its products B and C as well, this is called
A) an exclusive contract.
B) profit maximization.
C) competitive pricing.
D) a tying contract.
Tying Contract
A type of agreement where the buyer is required to purchase a secondary product along with the primary product, often enforced by the seller.
- Learn to pinpoint unlawful methods under antitrust regulations like binding agreements and dominative practices.
Verified Answer
AA
Ahmad AlsharJul 25, 2024
Final Answer :
D
Explanation :
A tying contract is when a seller requires a buyer to purchase additional or unrelated products in order to obtain the desired product. This practice can restrict competition and force consumers to buy items they may not want.
Learning Objectives
- Learn to pinpoint unlawful methods under antitrust regulations like binding agreements and dominative practices.