Increasing the price of petrol during school holidays is often described as predatory pricing.

Name: Increasing the price of petrol during school holidays is often described as predatory pricing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Predatory pricing is a pricing strategy in which a company sets prices below cost in order to drive competitors out of the market. Increasing the price of petrol during school holidays is not predatory pricing because it is not intended to drive competitors out of the market.

Increasing the Price of Petrol During School Holidays Is Often