The following is a list of various anti-competitive practices:
| (iii) | Selective distribution |
| (vi) | Rental-only contracts |
| (vii) | Market sharing agreements. |
| (viii) | Vertical price squeezing |
Match the above practices to the following definitions.
| a) | Where a firm is only prepared to supply certain selected retail outlets. ________ |
| b) | Where a vertically integrated firm, which controls the supply of an input, charges competitors a |
high price for that input so that they cannot compete with it in selling the finished good. ________
| c) | Where firms divide up the market between them, agreeing not to compete in each other's part of |
the market. ________
| d) | Where firms bidding for a contract (e.g. to supply building materials for a new office |
development) agree beforehand all to bid high prices. ________
| e) | Where a firm sells the same good at a different price (relative to costs) in different sectors of the |
market. ________
| f) | Where a firm is only prepared to hire out equipment and not sell it outright. ________ |
| g) | Where a firm controlling the supply of one product insists that its customers also buy a second |
product from it rather than from its rivals. ________
| h) | Selling a product below cost in order to drive competitors from the industry. ________ |
| i) | Where firms get together to agree on a common price. ________ |
Example of the Tabular List and instructional notes (conventions).
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