Question

Music, Inc., Natural Music Company, and Number One Music Corporation control 95 percent of the market for music CDs in a certain geographic area. They agree to sell their products at the same prices, and exclude a fourth firm, Perfect Music Company (which controls the rest of the market). This is
a. a group boycott.
b. an exclusive-dealing contract.
c. a price-fixing agreement.
d. a tying arrangement.

Answer

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