Predatory pricing is defined as the selling of a product below cost to drive competitors out of the market. This practice aims to establish a monopoly or gain market share by temporarily lowering prices to levels that are unprofitable for competitors. Once competition is eliminated or significantly reduced, the company may raise prices again.
What is predatory pricing?
the selling a product below cost to drive competitors out of the market
an illegal grouping of companies that discourages competition
the laws that encourage competition in the marketplace
the combination of two or more companies into a single firm
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