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Why Is Predatory Pricing Considered Illegal

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Why is predatory pricing considered illegal?


Definitions:

Poverty

A state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.

Solomon Asch

A psychologist known for his research on conformity, including the Asch conformity experiments.

Conformity

Changing one’s own behavior to match that of other people.

Realistic Conflict Theory

Theory stating that prejudice and discrimination will be increased between groups that are in conflict over a limited resource.

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