Predatory Pricing Occurs When Companies Use Price as a Competitive

question 92

True/False

Predatory pricing occurs when companies use price as a competitive weapon to drive out weaker competition.

---

Definitions:

Total Cost

The complete cost of production, including fixed and variable costs.

Nonrefundable

Refers to payments or fees that cannot be returned or refunded to the payer under any circumstances.

Electrical Shocks

An injury caused by an electric current passing through the body, which can result in anything from a slight tingling sensation to severe burns and even death.

Screwdriver

A tool used for turning screws, consisting of a handle and a shaft ending in a tip the user puts into the screw head.