Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
This is called: limit pricing. Limit pricing refers to the pricing used by incumbent corporations to discourage or prevent entry or expansion of fringe industry.
The limit price is lower than the profit-maximizing price in the short run, but higher than the competitive level. Limit pricing is unlawful in some jurisdictions and may be ineffective in keeping a determined market entrant out in the long run. industry, it may be effective in lessening market rivalry in the short to medium term. Limit pricing is a pricing tactic used to create a barrier to entry and protect a company's monopoly power and supernormal profit.
To learn more about Limit pricing, click here.
https://brainly.com/question/28461476
#SPJ4
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.