prestige consulting is a large software service provider. the company has the largest market share in the industry. in order to restrain the smaller competitors in the market, the company sells some of its products at very low prices. this is an example of

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20-12-2022
Business

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prestige consulting is a large software service provider. the company has the largest market share in the industry. in order to restrain the smaller competitors in the market, the company sells some of its products at very low prices. this is an example of

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kumargaurav1012000 kumargaurav1012000 · Answer 1 · 2022-12-25T02:51:03-05:00

The business offers certain of its products for extremely low prices in an effort to fend off the market's lesser competitors. Predatory pricing is demonstrated by this.

Setting artificially low rates for a product in an effort to drive out the competition is known as predatory pricing.

Antitrust rules are broken by predatory pricing since it aims to establish a monopoly. Prosecution of the practise, meanwhile, can be challenging. In a competitive market, defendants can contend that decreasing prices is a common business practise rather than a calculated move against the competition.

Since the predator is losing money along with the competitors, predator pricing doesn't always work. Eventually, the predator will have to hike prices. At that point, more rivals will appear.

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