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Reducing prices below cost in order to eliminate competitors (with the intention of later raising pr
Sublight2097
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Reducing prices below cost in order to eliminate competitors (with the intention of later raising pr
Reducing prices below cost in order to eliminate competitors (with the intention of later raising prices to recoup all losses) is
A) an empirical impossibility in a free society.
B) called induced competition.
C) called predatory price cutting.
D) increasingly common in the American economy.
Textbook
The Economic Way of Thinking
Edition:
13
th
Authors:
Heyne, Boettke, Prychitko
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Sublight2097
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Seriously, you've been tremendously helpful! Thank you.
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Smoooth
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My pleasure
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