Loop Corp. has made a major breakthrough in the development of micropencil. Loop has patented the product and is seeking to maximize the profit potential. In this effort. Loop can legally
a. Require its retailer to sell only Loop's products.
Including the micropencils, and NOT sell similar competing products.
b. Require its retailer to take stipulated quantities of its other productions in addition to the micropencils.
c. Sell the product at whatever price the traffic will bear even though Loop has a monopoly.
d. Cut the price Loop is charging to retailers below its cost anytime a competitor attempts to compete against Loop's micropencil.
Answer: C
Tax
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