The Practice of Firms Temporarily Reducing Prices in Order to Eliminate

question 66

Multiple Choice

The practice of firms temporarily reducing prices in order to eliminate competition is called:

• A) competitive pricing.
• B) predatory pricing.
• C) discount pricing.
• D) strategic pricing.

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Definitions:

Drunk Drivers

Individuals who operate a vehicle while under the influence of alcohol, significantly increasing the risk of accidents and impairments in judgement and coordination.

Proportion

A part, share, or number considered in comparative relation to a whole.

Independent

Not influenced or controlled by others; acting freely.

P(A|B)

The likelihood of event A happening provided that event B has taken place.