0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Do economists all agree that predatory pricing exists and is a common practice?
False, economists do not all agree that predatory pricing exists and is a common practice.
What does predatory pricing mean?
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market
What are the advantages and disadvantages of Predatory Pricing?
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market.
Which law protects small businesses from unfair pricing practices?
Clayton Act
What did the government claim Microsoft did to illegally extend its control over the market?
It had used predatory pricing to drive competitors out of business
Do economists all agree that predatory pricing exists and is a common practice?
False, economists do not all agree that predatory pricing exists and is a common practice.
What is perdatory pricing?
Predatory means "in the manner of a predator." Predatory pricing is designed to drive competitors out of business by pricing so low that the competition can't compete.
What are forms of unfair trade practices?
Some forms of unfair trade practices include price fixing, misleading advertising, predatory pricing, collusion, and dumping. These practices can harm competition and consumers, leading to skewed market conditions and unfair advantages for certain businesses.
What does predatory pricing mean?
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market
What are the different pricing methods in international marketing?
Bid Pricing Cost Plus Pricing Customary Pricing Differential Pricing Diversionary Pricing Dumping Pricing Experience Curve Pricing Loss Leader Pricing Market Pricing Predatory Pricing Prestige Pricing Professional Pricing Promotional Pricing Single Price for all Special Event Pricing Target Pricing
What are the advantages and disadvantages of Predatory Pricing?
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market.
Match each type of unfair business practice with its description (apex)?
1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true. Price fixing: a group of companies agree that all of them will charge the same price. 3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.
Identify the General Influences on Pricing in Practice and discuss them in detail?
Identify the general influences on pricing in practice
Which law protects small businesses from unfair pricing practices?
Clayton Act
What does predatory pricing involve?
A large company charging below its production cost in order to eliminate competition
Who is the government attempting to help by discouraging predatory pricing?
Ultimately, the government is trying to protect the consumer. Predatory pricing is used to drive a competitor out of a market, or keep a potential competitor from entering a market. If successful, the entity employing predatory pricing tactics can maintain a monopoly (or near monopoly) in a market and use the lack of competition to set prices anywhere it wants. The consumer, having no choice in a marketplace, is forced to pay whatever the entity chooses to charge.
The market price may be an inappropriate transfer price if?
competitor s are practicing predatory pricing to eliminate competitor
