To acquire monopoly power in its market,Global Positioning Systems,Inc.,sets its prices substantially below the normal costs of production.Under antitrust law,this is

Question

To acquire monopoly power in its market,Global Positioning Systems,Inc.,sets its prices substantially below the normal costs of production.Under antitrust law,this is​

Quizplus · Accepted Answer

Setting prices below cost to drive competitors out of the market and acquire monopoly power can be considered predatory pricing, which is a violation of antitrust laws if it results in acquiring monopoly power.

To Acquire Monopoly Power in Its Market,Global Positioning Systems,Inc