Which of the following refers to the use of price as a competitive weapon to drive weaker competitors out of a national market?
A)Multipoint pricing
B)Predatory pricing
C)Leader pricing
D)Price discrimination
E)Price skimming

Question

Quizplus · Accepted Answer

Predatory pricing is the use of price as a competitive weapon to drive weaker competitors out of a national market. Once the competitors have left the market, the firm can raise prices and enjoy high profits.

Which of the Following Refers to the Use of Price