When an oligopoly reduces its price with the intent of driving away its competitors, it is said to be engaging in

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Predatory pricing is a strategy where a dominant firm reduces its prices temporarily to drive away competitors from the market. Once the competitors are out of the market, the dominant firm can increase its prices to gain higher profits. This practice is considered illegal in many countries as it violates fair competition policies.

When an Oligopoly Reduces Its Price with the Intent of Driving