Multiple Choice
When LofoniftInc.introduced its flagship product,an MP3 player,it captured the MP3 player market by offering its product at the lowest price in the market.This forced many of its competitors out of business.In this scenario,LofoniftInc.most likelyindulgedin _____.
A) predatory pricing
B) price discrimination
C) status quo pricing
D) price fixing
Correct Answer:
Verified
Correct Answer:
Verified
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