Multiple Choice
A firm that charges a very low price would be practicing predatory pricing if
A) the price allowed only a small profit.
B) the price would only be profitable if it succeeded in driving a rival out of the market and prices increased afterward.
C) the price allowed profits that were positive but below those earned by other firms.
D) it only offered the low price to its rivals' customers.
Correct Answer:
Verified
Correct Answer:
Verified
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