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In marketing, product bundling is offering several products or services for sale as one combined product or service package. It is a common feature in many imperfectly competitive product and service markets. [1] Industries engaged in the practice include telecommunications services, financial services, health care, information, and consumer ...
Bundling, or tarrying, is the traditional practice of wrapping a couple together in a bed sometimes with a board between the two of them, usually as a part of courting behavior. The tradition is thought to have originated either in the Netherlands or in the British Isles and later became common in colonial United States, [ 1][ 2] especially in ...
Monopolization is defined as the situation when a firm with durable and significant market power. For the court, it will evaluate the firm’s market share. Usually, a monopolized firm has more than 50% market share in a certain geographic area. Some state courts have higher market share requirements for this definition.
Tacit collusion is a collusion between competitors who do not explicitly exchange information but achieve an agreement about coordination of conduct. [ 1] There are two types of tacit collusion: concerted action and conscious parallelism. [ 2][ 3] In a concerted action also known as concerted activity, [ 4] competitors exchange some information ...
Structuration theory. The theory of structuration is a social theory of the creation and reproduction of social systems that is based on the analysis of both structure and agents (see structure and agency ), without giving primacy to either. Furthermore, in structuration theory, neither micro - nor macro-focused analysis alone is sufficient.
Sociology. Symbolic interactionism is a sociological theory that develops from practical considerations and alludes to humans' particular use of shared language to create common symbols and meanings, for use in both intra- and interpersonal communication. [ 1] According to Macionis, symbolic interactionism is "a framework for building theory ...
Substitution effect. In economics and particularly in consumer choice theory, the substitution effect is one component of the effect of a change in the price of a good upon the amount of that good demanded by a consumer, the other being the income effect . When a good's price increases, if hypothetically the same consumption bundle were to be ...
Social constructionism is a term used in sociology, social ontology, and communication theory.The term can serve somewhat different functions in each field; however, the foundation of this theoretical framework suggests various facets of social reality—such as concepts, beliefs, norms, and values—are formed through continuous interactions and negotiations among society's members, rather ...