Predatory Pricing Occurs When a Firm

question 133

Multiple Choice

Predatory pricing occurs when a firm:

• A) sets different prices for different customers
• B) sets uniform prices
• C) sets prices below their competitors' prices
• D) sets prices so low that competitors are driven out of the market

---

Definitions:

Qualification

A distinguishing attribute, knowledge, or skill that enables a person to perform a particular job or task.

Virtuous Person

An individual who embodies and practices moral virtues consistently, demonstrating qualities such as honesty, courage, compassion, and integrity.

Sense of Humor

The trait of appreciating (and being able to express) the humorous, which can make stressful situations more manageable and life more enjoyable.

Morality Origins

The investigation or discussion regarding where moral standards or values come from.