The use of price as a competitive weapon to drive weaker competitors out of a national market is called:
A)multipoint pricing.
B)predatory pricing.
C)forward pricing.
D)supra-competitive pricing.

Question

Quizplus · Accepted Answer

Predatory pricing is the use of price as a competitive weapon to drive weaker competitors out of a national market.Once the competitors have left the market,the firm can raise prices and enjoy high profits.

The Use of Price as a Competitive Weapon to Drive