Because It Could Be Considered an Attempt to Create a Monopoly

question 137

Multiple Choice

Because it could be considered an attempt to create a monopoly, which pricing strategy is illegal under U.S. law but is difficult to prove?

• A)price fixing
• B)price inflation
• C)price discrimination
• D)deceptive pricing
• E)predatory pricing

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Definitions:

Informational Social Influence

The process of changing one's behavior to match the responses of others, believing that their interpretation of an ambiguous situation is more correct.

Normative Social Influence

The influence of other people that leads an individual to conform in order to be liked and accepted by them.

Gain Social Approval

The process or action of obtaining acceptance, affirmation, or endorsement from others in a social context.

Chameleon Effect

The unconscious mimicry of the postures, mannerisms, facial expressions, and other behaviors of one's interaction partners, often facilitating social interaction.