Predatory pricing is the selling of a product below cost to drive competitors out of the market. This practice is intended to eliminate competition, allowing the company to increase prices and gain market dominance once the competitors have been driven out.
What is predatory pricing?
the laws that encourage competition in the marketplace
the combination of two or more companies into a single firm
an illegal grouping of companies that discourages competition
the selling a product below cost to drive competitors out of the market
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