Predatory Pricing Occurs When

question 155

Multiple Choice

Predatory pricing occurs when

• A)firms collude to set prices. Economists are certain this practice is profitable.
• B)firms collude to set prices. Economists are skeptical that this practice is profitable.
• C)A monopolist decreases its prices to maintain its monopoly. Economists are certain this practice is profitable.
• D)A monopolist decreases its prices to maintain its monopoly. Economists are skeptical that this practice is profitable.

Differentiate between negative phrases and neutral or positive communication strategies.

Understand the importance of closing statements in negative news messages.

Assess the impact of medium choice on the delivery of bad news.

Recognize the goals of negative messages and how to achieve them.

---

Definitions:

Differentiation

The process by which a society or social system becomes more complex by creating specialized roles and institutions.

Functionalism

A theoretical approach in social sciences that emphasizes the social stability and equilibrium maintained through the interdependence of societal institutions.

Parsons

Refers to Talcott Parsons, an influential American sociologist known for his work on the social action theory and the development of functionalism.

Vested Interests

Veblen’s term to describe why privileged members of society resist change.