Question

Match each type of unfair business practice with its description.

a. vendor lock-in [:1 a large company charges a price below production cost in orderto eliminate small competitors.
b. price fixing |:l a group of companies agrees that all ofthem will charge the same price.
c. predatory pricing :l a company says that a wide range of products can be used with its product but this is not true.

Answer 1

The correct matching of the unfair business practices with their definition are as follow:
1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.
2. Price fixing: a group of companies agree that all of them will charge the same price.
3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.