Big retailers attempt to destroy competition by selling goods and services at extremely low prices in _____.

Question

Quizplus · Accepted Answer

Predatory pricing is the act of systematically selling goods or services at low prices to eliminate competition. This is often done by large retailers with deep pockets who can sustain losses for a longer period of time. They aim to drive competitors out of business by undercutting their prices, after which they can raise their prices to recoup their losses and maintain their dominant position in the market.

Big Retailers Attempt to Destroy Competition by Selling Goods and Services