If a Large Retailer Sold Numerous Items Below Cost with the Intention

question 49

Multiple Choice

If a large retailer sold numerous items below cost with the intention of punishing competitors and gaining higher long-run profits by putting those competitors out of business,the retailer would be guilty of ________.

• A) price collusion
• B) price fixing
• C) predatory pricing
• D) discriminatory pricing
• E) penetration pricing

---

Definitions:

Basic Tastes

The fundamental taste sensations experienced by humans, traditionally categorized as sweet, sour, salty, bitter, and umami.

Different Taste Worlds

A concept referring to the variation in food preferences and taste experiences among different cultures or individuals.

Visual Cliff

A psychological experiment setup to test infants' and young animals' perception of depth and their ability to perceive visual drop-offs.

Gibson and Walk

Psychologists known for the "visual cliff" experiment, which studied depth perception and fear of falling in infants.