Firm a Prices Its Products So Low That It Drives

question 156

Multiple Choice

Firm A prices its products so low that it drives competitors out of the market.After all of its competitors have been driven out of the market,Firm A raises prices significantly.The fact that Firm A ________ is sufficient evidence of anticompetitive behavior.

• A) lowered prices
• B) raised prices significantly
• C) drove competitors out of the market
• D) competed with other firms on price
• E) lowered its price below average variable cost in an effort to drive competitors out of the market and then subsequently increased price

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