Final answer:
Market maneuvering and jockeying for buyer patronage are competitive strategies used by businesses to attract customers, which can include both lawful competition and unlawful practices like predatory pricing and price fixing.
Step-by-step explanation:
Market maneuvering and jockeying for buyer patronage among rival sellers in an industry relate to the competitive strategies businesses use to attract and retain customers. Oligopolistic firms, often referred to as "cats in a bag" engage in competition through various methods, such as price wars, promotional deals, and the establishment of unique selling propositions (like a unique barbecue sauce or a reputation for high-quality laundry detergent). However, in the pursuit of higher profits, these firms may also be tempted to engage in predatory pricing or illegal price fixing. Examples of such behavior include larger airlines accused of predatory pricing to push out smaller competitors or the breakup of a soap cartel that was once established to control prices and limit competition.