In Canada, predatory pricing occurs when:
A) A foreign company dumps product in Canada at prices below the market value in the country where they were manufactured
B) Two organizations conspire to set prices
C) An organization prices products or services very low to drive out competition and increase market share
D) An organization sets a low price to introduce a new product

Question

Quizplus · Accepted Answer

Predatory pricing refers to the practice of setting prices very low in order to drive out competition and increase market share. This can harm consumers in the long run by reducing competition and leading to higher prices once the competition has been eliminated.

In Canada, Predatory Pricing Occurs When