A camera manufacturer will sell its cameras only to retailers who agree to buy its brand of film. This is an example of
a. price discrimination
b. exclusive dealing
c. a tying contract
d. interlocking directorates
e. a trust
Question 2
In an English open outcry auction,
a. bidding opens at a high price and then the price falls until only one buyer remains
b. bids and offers may be made in any order
c. sellers with market power capture most of the benefit
d. sellers outnumber buyers
e. bidding opens at a low price and the price then increases until only one buyer remains
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