The use of sharp, temporary price cuts as a form of _________________ would enable traditional US automakers to discourage new competition from smaller electric car manufacturers.
A. natural monopoly
B. monopolistic competition
C. predatory pricing
D. oligopolistic competition
Answer:C
The use of sharp, temporary price cuts as a form of _________________ would enable traditional US automakers to discourage new competition from smaller electric car manufacturers.
A. natural monopoly B. monopolistic competition C. predatory pricing D. oligopolistic competition
Explanation: 11. Which of the following is most likely to be a monopoly?