Asked by sachdeva prince on Jun 07, 2024
Verified
Which of the following requires a buyer to purchase one product from a seller as a condition of purchasing another product from the same seller,therefore preventing the buyer from purchasing the latter product from the seller's competitors?
A) Tying agreement
B) Price fixing agreement
C) Exclusive dealing agreements
D) Market sharing agreement
Tying Agreement
A sales agreement where the sale of one product (the "tying" product) is conditioned on the purchase of a second, distinct product (the "tied" product).
- Comprehend the principle of tying arrangements and their consequences pursuant to Section 3 of the Clayton Act.
Verified Answer
ET
Eldric TajanlangitJun 14, 2024
Final Answer :
A
Explanation :
A tying agreement is one that requires a buyer to purchase one product (the tied product)from a seller as a condition of purchasing another product (the tying product)from the same seller and it prevents the buyer from purchasing the tied product from the seller's competitors.
Learning Objectives
- Comprehend the principle of tying arrangements and their consequences pursuant to Section 3 of the Clayton Act.