Multiple Choice
Sometimes a firm or an individual deliberately sets prices to incur losses for a long time, either to eliminate a competitor, or to inhibit competition in the expectation that the firm or individual will be able to recoup its losses later by charging prices above competitive levels. According to the textbook, what is the term for this?
A) price fixing
B) bid rigging
C) price discrimination
D) predatory pricing
Correct Answer:
Verified
Correct Answer:
Verified
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