The practice of tying is used to
A)enhance the enforcement of antitrust laws.
B)encourage the enforcement of collusive agreements.
C)control the retail price of a collection of related products.
D)package products to sell at a combined price closer to a buyer's total willingness to pay.

Question

Quizplus · Accepted Answer

The practice of tying refers to the sale of two or more products as a package deal at a combined price that is closer to a buyer's total willingness to pay. This is done to increase sales and revenue for the seller. The other options- A)enhancing the enforcement of antitrust laws, B)encouraging the enforcement of collusive agreements and C)controlling the retail price of a collection of related products- are not related to the practice of tying.

The Practice of Tying Is Used to