Edwin was not allowed to sell the cookies

Assignment Help Operation Management

Reference no: EM132163485

1. The demand for Crunchy chips in the junk food market segment was about to reach saturation point. Majority of the retailers wanted to stock Crunchy chips. Great Foods Inc., the manufacturer of Crunchy chips, also manufactured rose flavored milk that was not doing well in the market. In order to maximize the sales of the rose flavored milk, Great Foods Inc. entered into an agreement with a group retailers stating that for every two packets of Crunchy chips, they would have to stock one bottle of the rose flavored milk. It can be said that, Great Foods Inc. entered into a(n) _____ with the retailers.

agency shop agreement

resale price maintenance agreement

runaway shop contract

tying contract

divestiture contract

2. The owner of B&K Inc., a cookie manufacturing company, entered into an agreement with Edwin, a retailer. According to the agreement, Edwin was not allowed to sell the cookies of B&K at a price lesser than $2 per pack. This is an example of a(n) _____.

closed shop agreement

open shop agreement

vertical restraint of trade

horizontal restraint of trade

runaway shop agreement

3. T&U Ltd. drives its competitors out of business by charging low prices for its mopeds, thus becoming the only moped provider in the market. This resultant market is known as a(n)_____.

monopoly

monopsony

oligopsony

perfect competitive market

oligopoly

4. Which of the following should be the Supreme Court's preferred course of action, if it wants to determine the degree with which margarine can act as a substitute product for butter due to the latter's increase in prices?

The Supreme Court should encourage monopolistic competition between two primary margarine producers.

The Supreme Court should determine the degree of the second-line injury between two margarine distributors.

The Supreme Court should look at the cross-elasticity of demand between margarine and butter.

The Supreme Court should look into alcohol and all its related beverage consumption patterns.

The Supreme Court should determine the degree of the first-line injury between two butter producers.

Reference no: EM132163485

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