Question 34

____________________________ occurs when a firm with a dominant position in a market, threatened by a new or smaller firm, changes its pricing structure such that the new firm cannot operate profitably.

a) Exclusive dealing

b) Predatory pricing

c) Free riders

d) Initial Public Offering (IPO)

e) Refusal to deal

Question 35

Protection granted by the federal government to inventors of original products, processes or compositions of material is a ___________________________.

a) Joint license

b) Copyright

c) Patent

d) Trade secret

e) License