When Lofonift Inc

question 58

Multiple Choice

When Lofonift Inc.introduced its flagship product,an MP3 player,it captured the MP3 player market by offering its product at the lowest price in the market.This gradually forced many of its competitors out of business.Once its competitors were out of business,Lofonift Inc.raised its prices.In this scenario,Lofonift Inc.most likely indulged in _____.

• A)​predatory pricing
• B)price discrimination
• C)status quo pricing
• D)​price fixing

---

Definitions:

Perceptual Adaptation

The ability of the body to adjust to an environment by filtering distractions.

Perceptual Constancy

The psychological phenomenon that allows us to perceive objects as unchanging despite changes in sensory input.

Interposition

A visual cue in which one object partially blocks another, suggesting depth perception.

Sensory Interaction

The principle that one sense can influence or interact with another; the interaction of the senses to enhance the perception of the world.