In _____, price is usually sufficiently low and/or quantity is sufficiently high to deter potential rivals from entering the market.

Question

Quizplus · Accepted Answer

In an entry deterrence industry, firms may set prices low enough or produce in high enough quantities to create barriers to entry, thus deterring potential competitors from entering the market. This strategy is used to maintain market share and control.

In _____, Price Is Usually Sufficiently Low And/or Quantity Is