Which of the following accurately describes the motivation behind predatory pricing?
a. to drive out competitors
b. to increase sales
c. to tie goods together
d. to attract new customers
a. to drive out competitors
Economics
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The full-employment rate of output can
A) be surpassed in the long run only if input prices are flexible. B) not be surpassed in either the short run or the long run. C) be surpassed only when firms are not yet producing at full capacity. D) be surpassed only in the short run.
Economics
Bid-rigging is more likely when
a. auctions are larger b. auctions are infrequent c. auctions generate different sets of potential bidders d. the auctioneer is paid a fixed fee rather than on commission
Economics