The practice of buying a firm's good in one market at a low price and selling it in another market for a higher price in order to profit from the price difference is known as

Question

​The practice of buying a firm's good in one market at a low price and selling it in another market for a higher price in order to profit from the price difference is known as

Quizplus · Accepted Answer

This practice is known as arbitrage, which involves exploiting price differences in different markets to make a profit. Predatory pricing refers to setting prices low to drive competitors out of business, while price collusion involves firms conspiring to set prices at a certain level. Mark-up pricing involves adding a certain percentage of profit to the cost of producing a product.

​The Practice of Buying a Firm's Good in One Market

The Practice of Buying a Firm's Good in One Market