Question

1. Using economics concepts, how would you explain "tying agreements?" how would you explain "price fixing?:how would you describe a conglomerate??

Answer 1

Answer-Trying Agreements-It is a type of agreement in which sellers sells the goods and services to the customer with an agreement to buy another product from the same seller is known as trying agreements.

Price Fixing-It is a type of mutual agreement between the rival companies not to sell the goods and services below a certain price is known as price-fixing.

Conglomerate-It is a combination of multiple industries which are working in the market under one corporate group or parent company. Conglomerate are generally are big in size and these companies are working as multinational companies.