Which of the following statements are true in relation to 'predatory pricing'?
A) It is illegal if it is carried out by a company with a substantial share of market power.
B) It occurs when a company sets prices at a low level to damage or drive out a competitor.
C) It occurs when a company accurately predicts changes in cost prices and takes advantage of that knowledge by setting lower prices that give it a major share of the market.
D) All of the above.
E) A and B only.
Correct Answer:
Verified
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