Predatory pricing
Revision as of 17:40, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Predatory pricing is when an existing firm uses sharp but temporary price cuts to discourage new competition. ==Definition== According to Principles of Economics by Tim...")
Predatory pricing is when an existing firm uses sharp but temporary price cuts to discourage new competition.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Predatory pricing. When an existing firm uses sharp but temporary price cuts to discourage new competition.