Predatory pricing is an overt attempt to drive competitors out of a market.

Name: Predatory pricing is an overt attempt to drive competitors out of a market.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Predatory pricing is a strategy used by companies to set prices very low in order to drive competitors out of a market. Once the competitors are gone, the company can raise prices back to normal levels and establish a monopoly. Therefore, it is an overt attempt to eliminate competition.

Predatory Pricing Is an Overt Attempt to Drive Competitors Out