The pricing that is intended to drive competitors out of the market or keep competitors from entering the market by fixing very low prices is called:
A)bid rigging.
B)bait-and-switch.
C)predatory pricing.
D)referral selling.
E)pyramid selling.

Question

Quizplus · Accepted Answer

Predatory pricing is a pricing strategy used by businesses to drive out competitors or prevent new competition from entering the market by setting very low prices, sometimes below cost. This practice is illegal in some countries, including the United States, where it is subject to antitrust laws.

The Pricing That Is Intended to Drive Competitors Out of the Market