Question

a company that requires customers to buy multiple products from that company to obtain the one product that the customer truly wants is
practicing predatory pricing.
using deregulation.
working around antitrust laws to gain control over the market.
engaging in nonprice competition.

1. what is not a condition for monopolistic competition?

slight control over price
many firms
many artificial barriers to entry
differentiated products
9.
the name for a formal organization of producers that agree to coordinate prices and production is a(n)
( collusion, oligopoly, cartel, confederation )
10.
an agreement among firms to divide the market, set prices, or limit production is
( collusion, differentiation, price warring, nonprice competition )

Explanation:

• Question 8: Monopolistic competition has many firms, differentiated products, and firms have slight control over price. There are few artificial barriers to entry in monopolistic competition.
• Question 9: A cartel is a formal organization of producers that agree to coordinate prices and production.
• Question 10: Collusion is an agreement among firms to divide the market, set prices, or limit production.

Answer:

• Question 8: C. many artificial barriers to entry
• Question 9: cartel
• Question 10: collusion