The practice of the only seller in a market charging a price at the highest level that would still inflict a loss on a new entrant into the market is called

Question

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Limit pricing is a strategy used by monopolies or market leaders to set the price of their product or service at a level low enough to deter new entrants into the market. This price is still high enough for the incumbent to make a profit but low enough to make it unattractive or unprofitable for potential competitors to enter the market.

The Practice of the Only Seller in a Market Charging