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4. [25 marks] Define the concept of 'tying'. Is tying a form of price discrimination? What are its welfare implications? Explain and illustrate your
4. [25 marks] Define the concept of 'tying'. Is tying a form of price discrimination? What are its welfare implications? Explain and illustrate your arguments with formal modelling and any relevant empirical evidence. SECTION B Candidates should answer TWO questions from this section. 5. An industry consists of two firms. Each firm has the cost function C(q) = 7 + 2qi, MAY M tv A
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Tying occurs when a seller requires a buyer to purchase one product the tying product in order to be able to purchase another product the tied product ...
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
