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Complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or bundling. Scenario Resale Price Maintenance
Complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or bundling. Scenario Resale Price Maintenance Predatory Pricing Bundling Warm Winds is the only firm producing air fryers. It costs $430 to produce one air fryer, and Warm Winds sells each air fryer for $850. After Sirocco, a new firm with the same costs as Warm Winds, enters the market for air fryers, Warm Winds starts selling its air fryers for a price of $310. Citron is a firm that manufactures electric scooters. Suppose Citron sells its electric scooters to online retailers for $830 each and requires those online retailers to charge at least $840 to shoppers for each electric scooter. Hynes sells a wide variety of condiments to retail grocery stores. Hynes recently developed two new condiments: a popular barbacuffalo and a much less popular green ketchup. Hynes requires grocery stores to order 10 bottles of the green ketchup for every 100 bottles of the barbacuffalo bought. True or False: All economists believe that predatory pricing is a profitable business strategy. True False
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