Predatory pricing occurs when a firm sets ________.
A)prices below their competitors' prices
B)prices so low that competitors are driven out of the market
C)different prices for different customers for the same product or service
D)uniform prices

Question

Quizplus · Accepted Answer

Predatory pricing occurs when a firm sets prices so low that competitors are driven out of the market, ultimately creating a monopolistic situation where they can then raise prices unchallenged.

Predatory Pricing Occurs When a Firm Sets ________