In the 1970s, when petrol price ceilings below the equilibrium price of petrol were imposed in America, some petrol stations required that buyers of petrol also purchase other products sold at the station. This policy is an example of which of the following?

Question

Quizplus · Accepted Answer

This is an example of exclusive dealing arrangements, as the petrol stations required buyers to purchase other products in order to purchase petrol.

In the 1970s, When Petrol Price Ceilings Below the Equilibrium