The practice of charging a very low price for a product with the intent of driving competitors out of business is referred to as
A) price fixing.
B) predatory pricing.
C) price discrimination.
D) deceptive pricing.
E) geographical pricing.

Question

Quizplus · Accepted Answer

Predatory pricing involves setting a very low price to eliminate competition, intending to raise prices once competitors are driven out.

The Practice of Charging a Very Low Price for a Product