Asked by Trinity Honaker on Jul 15, 2024
Verified
Tying can be thought of as a form of price discrimination.
Price Discrimination
The business practice of selling the same good at different prices to different customers.
Tying
A sales strategy where the purchase of one product requires the buyer to purchase another product as well.
- Understand the concept of price discrimination and how tying can be an example of this.
Verified Answer
RC
Rosalinda CoronelJul 22, 2024
Final Answer :
True
Explanation :
Tying allows a seller to differentiate prices among customers based on their preferences or usage patterns, effectively practicing a form of price discrimination by bundling products or services together.
Learning Objectives
- Understand the concept of price discrimination and how tying can be an example of this.