predatory pricing

predatory pricing

Unlawful below-cost pricing intended to eliminate specific competitors and reduce overall competition; pricing below an appropriate measure of cost for the purpose of eliminating competitors in the short run and reducing competition in the long run. See ANTITRUST. [Cases: Monopolies 17(1.7). C.J.S. Monopolies ¡ì¡ì 83¨C85, 87.]
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.