_______ occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business.

Name: _______ occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business.
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

Predatory pricing occurs when a firm intentionally sets a price for its product below the cost of producing it, with the aim of driving competitors out of the market. This tactic can be anti-competitive and illegal under certain circumstances.

_______ Occurs When a Firm Cuts Prices Below Production Costs