The practice of charging a very low price for a product with the intent of driving competitors out of business or out of a market is called:
A) price discrimination
B) predatory pricing
C) price fixing
D) price manipulation
E) anti-competitive pricing

Question

Quizplus · Accepted Answer

Firms using predatory pricing charge very low prices,and once competitors have been driven out,the firm raises its prices.

The Practice of Charging a Very Low Price for a Product