The Pricing That Is Intended to Drive Competitors Out of the Market

question 71

Multiple Choice

The pricing that is intended to drive competitors out of the market or keep competitors from entering the market by fixing very low prices is called:

• A)bid rigging.
• B)bait-and-switch.
• C)predatory pricing.
• D)referral selling.
• E)pyramid selling.

Grasp the enduring impact of social class on individuals' future opportunities and overall life trajectory.

Understand the calculation and interpretation of economic profit and loss.

Analyze the impact of fixed and variable costs on a firm's decision-making process.

Apply the concepts of average total cost, average variable cost, and marginal cost in making production decisions.