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Sublight2097 Sublight2097
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9 years ago
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

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
9 years ago
My pleasure Happy Dummy
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