The use of sharp, temporary price cuts as a form of _______ would enable traditional US automakers to discourage new competition from smaller electric car manufacturers.
A) natural monopoly
B) monopolistic competition
C) predatory pricing
D) oligopolistic competition

Question

Quizplus · Accepted Answer

Predatory pricing involves setting prices low with the intent to eliminate or deter competition, which aligns with the strategy described for discouraging new competitors in the electric car market.

The Use of Sharp, Temporary Price Cuts as a Form