Predatory pricing is being practiced when firms sell products to make large, short-run profits.

Name: Predatory pricing is being practiced when firms sell products to make large, short-run profits.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Predatory pricing is the practice of setting very low prices for a product with the intention of driving competitors out of the market or preventing new competitors from entering. It is a long-term strategy to achieve monopoly power and increase profits in the long run, not short-run profits.

Predatory Pricing Is Being Practiced When Firms Sell Products to Make