The country's largest electronics company sells its MP3 players for $20 with the express intention of eliminating competition.

Question

Quizplus · Accepted Answer

This scenario describes predatory pricing, which is the practice of selling products at very low prices with the intent of undercutting competitors and driving them out of business. Predatory pricing is illegal under antitrust laws because it harms competition and consumers in the long run.

The Country's Largest Electronics Company Sells Its MP3 Players for $20