Setting a Price So Low That Competitors Are Driven Out

question 214

Multiple Choice

Setting a price so low that competitors are driven out of a market and then boosting the price is called

• A) predatory pricing.
• B) a tying arrangement.
• C) resale price maintenance.
• D) price fixing.
• E) price discrimination.

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Definitions:

Projection

The assignment of personal attributes to other individuals.

Beliefs

Convictions or acceptance that certain things are true or real, often without direct evidence or proof.

Values

The principles or standards of behavior that are regarded as important and desirable in life by an individual or society.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well.