Predatory pricing is:
A)an arrangement a manufacturer makes with a reseller to handle only its products and not those of a competitor.
B)the practice of charging a very low price for a product with the intent of driving competitors out of business.
C)the practice of charging different prices to different buyers for goods of like grade and quality.
D)a conspiracy among firms to set prices for a product or service.

Question

Quizplus · Accepted Answer

Predatory pricing is the practice of intentionally setting a very low price for a product or service to drive out competitors from the market. The aim is to gain a monopoly position in the market and then later raise prices.

Predatory Pricing Is