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Author Question: Predatory pricing is when a firm sets price (Read 322 times)

bobbysung

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on: May 25, 2020

Question 1

Why may firms wish to form a cartel?
◦ So they can collectively act like a monopoly
◦ To make demand more elastic
◦ To increase product innovation
◦ To make supply more inelastic

Question 2

Predatory pricing is when a firm sets price
◦ below competitors' marginal costs.
◦ at a high level when there is no competition.
◦ at a loss-making level so as to drive out competition.
◦ below competitors' average variable costs.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by bobbysung on May 25, 2020

nekcihc358

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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blabla234

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Reply #2 on: Apr 6, 2021
thanks
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