Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
Answer: See explanation
Explanation:
• A company says that a wide range of products can be used with its product, which is not actually true. = vendor lock in.
• A group of companies agrees to charge the same inflated price for a good. = price fixing
Price fixing is when producers or suppliers agree to sell a product at a particular price which is fixed. Price fixing brings about high prices of goods and also fosters unfair competition.
• A large company charges a price below production cost in order to eliminate small competitors = predatory pricing
Predatory pricing simply refers to an illegal act by companies whereby prices are set low in order to remove competition from others. Antitrust laws are violated through predatory pricing due to the fact that it can lead to monopoly.
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.