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Hailey Rowland
on Dec 15, 2024

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The practice of charging a very low price for a product with the intent of driving competitors out of business is referred to as

A) price fixing.
B) predatory pricing.
C) price discrimination.
D) deceptive pricing.
E) geographical pricing.

Predatory Pricing

A pricing strategy where a product or service is set at a very low price with the intent of driving competitors out of the market or creating barriers to entry for potential new entrants.

Price Fixing

A practice where businesses agree on the selling price of their products or services, typically to prevent competition and increase profits, which is often illegal.

Geographical Pricing

A pricing strategy where the price of a product varies depending on the geographical location or market.

  • Identify and comprehend the concept of predatory pricing and its effects on market competition.
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Sarah ClarkeDec 17, 2024
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