pricing refers to selling below cost with the intention of punishing a competitor or gaining higher long-run profits by putting competitors out of business.
A) Predatory
B) Zone
C) Oligopolistic
D) Dynamic
E) Captive

Question

Quizplus · Accepted Answer

Predatory pricing involves setting prices low with the intent to eliminate competition and eventually increase prices to gain higher long-term profits.

Pricing Refers to Selling Below Cost with the Intention of Punishing