ashlynmarie99 ashlynmarie99

14-07-2024
Business

Answered

Predatory pricing is the practice of lowering prices for the purpose of driving competitors out of business.

1) True
2) False

Answer :

GinnyAnswer GinnyAnswer

14-07-2024

Final answer:

Predatory pricing involves the practice of lowering prices to eliminate competition.

Explanation:

Predatory pricing is a practice where a supplier purposely lowers prices to eliminate competition. This strategy can lead to driving competitors out of business by creating unsustainable market conditions for them.

Learn more about Predatory pricing here:

https://brainly.com/question/12751629

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