What is one way firms can enforce tie-in sales?
A) One of the goods has no close substitutes.
B) contractual arrangements
C) information asymmetry
D) Any of the above.
Question 2
One interesting feature of a prisoner's dilemma game is that
A) non-cooperative behavior leads to lower payoffs than cooperative behavior.
B) it was only valid before the industrial revolution.
C) individuals behave irrationally when they behave non-cooperatively.
D) cooperative behavior leads to lower payoffs than non-cooperative behavior.
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As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Economic objectives of firms