Resale price maintenance A) requires a retailer to sell a good ...

[misspop]

Resale price maintenance
 
  A) requires a retailer to sell a good no lower than the specified price.
  B) is illegal.
  C) is the price of a maintenance contract on a good, such as an extended service contract on a car.
  D) has a net negative impact on competition.

Question 2

Why might a concentration ratio be a poor measure of actual industry competition?
 
  What will be an ideal response?

[missalyssa26]

Answer to Question 1

A

Answer to Question 2

Concentration ratios measure national competition within a line of products that are substitutes in production. Where there is much international competition, where competition is regional rather than national, where there is competition from products that are substitutes in consumption but not production, and for other reasons listed in the text, competition ratios may be poor measures of competition.

[misspop]

Great answer, keep it coming

[cam1229]

Thanks for the timely response, appreciate it