The management of a rental building faces a rent control situation, where it cannot charge more than $400 a month in rent on the apartment. The management knows that the apartments are high in demand and renters would be willing to be $1000 per month for them. The management decides to offer the controlled rent, rents furniture to its tenants, but successfully bars delivery from competing furniture stores. This is an example of Fraud Bundling Exclusion Tying

Bundling

Explanation:

Bundling in property rent occurs when a property owner offers rent of property with some other service that is considered service rendered to occupants of the building.

The additional service is not considered as part of rent expense.

I'm the given scenario the owner of the renting building is offering rent of property along with rent of furniture from the company as a package of $1,000.

The rent still remains $400 while the extra cost is for furniture rent.

answer; closing the loop;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.