To prevent its competitors from obtaining sufficient supplies to make their products, Molded Plastics, Inc., uses its market power to increase the prices of those supplies (inputs which Molded Plastics also uses). This is

Question

Quizplus · Accepted Answer

Predatory bidding involves using market power to bid up the prices of inputs to prevent competitors from obtaining them at a reasonable cost, which is what Molded Plastics, Inc. is doing.

To Prevent Its Competitors from Obtaining Sufficient Supplies to Make