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What are Unfair trade practices laws? What is price fixing? What is Predatory Pricing? What is Price discrimination? What are the three defenses for sellers accused of Price discrimination?
Unfair trade practices are laws the prohibit wholesales from selling below cost.
Price fixing is an agreement b/w two or more firms to set a certain price.
Predatory Pricing is setting a low price to drive competitors out of the market.
Price discrimination is charging two different customers a product for different prices.
Defense:
Cost - added costs of serving different customer
Market conditions - vary
Competition
Price fixing is an agreement b/w two or more firms to set a certain price.
Predatory Pricing is setting a low price to drive competitors out of the market.
Price discrimination is charging two different customers a product for different prices.
Defense:
Cost - added costs of serving different customer
Market conditions - vary
Competition
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: Marketing
School / Univ.: UGA
City: Athens
Published: 17.11.2010