Sky-High Skywriters temporarily reduces its price when a new firm called The Sky's the Limit Skywriting enters the industry.Sky-High Skywriters is practicing

Name: Sky-High Skywriters temporarily reduces its price when a new firm called The Sky's the Limit Skywriting enters the industry.Sky-High Skywriters is practicing
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Question

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Sky-High Skywriters is practicing predatory pricing, which involves temporarily reducing prices to drive a new competitor out of the market.

Sky-High Skywriters Temporarily Reduces Its Price When a New Firm