URGENTLY!

3. Indicate whether each statement below is true or false, and give a brief explanation for your answer. (a) A firm that sells two substitute products will price them higher than if they were sold by two separate firms. [5 marks] (b) Customers are not necessarily better off when firms provide a guarantee to match any competitor's low price than when such guarantees are not available. [5 marks] (c) Predatory pricing is always a credible strategy, so it is something we should always worry about as a matter of competition policy. [5 marks]