Active Learning Social Science Exercises
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1. What is vertical relationship? Give two real-world examples of firms in a vertical relationship. (2
points)
2. What is spot market and what are vertical restraints? (1 point)
Q2
What is resale price maintenance (RPM)? What are its procompetitive effect and anticompetitive
effect?
Q3
Briefly explain exclusive dealing and territorial restrictions. Between those two, which restrains
intra-brand competition, and which restrains inter-brand competition?
Q4
Explain the vertical restraint tying and bundling. What is the difference between tying and
bundling? Give a real-world example of tying/bundling, and explain whether it is tying or bundling.
Q5
Briefly explain the three salient features of a requirements tie used for indirect metering in the
context of a tie between printers and ink.
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