Spa Serena LLC makes and sells beauty salon supplies.By selling its product at prices substantially below the normal cost of production,Spa Serena hopes to drive its competitors from the market.This is

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This scenario describes predatory pricing, which involves a firm selling its products at artificially low prices with the intention of driving competitors out of the market. This is considered an antitrust violation and is illegal under U.S. law. Market power refers to a company's ability to control prices or exclude competitors in a particular market, which is not necessarily the case here. Price discrimination involves charging different prices to different customers, and price-fixing refers to collusion between competitors to set prices.

Spa Serena LLC Makes and Sells Beauty Salon Supplies