> with the idea of profiting later on via the surviving monopoly
I don't understand...if you undercut your competitors so you're the sole survivor, I don't see how profiting is a obvious end result.
When you return prices to market value wouldn't competitors just appear again. Is predatory pricing really such a bad thing, I'd assume the market would just corrects itself later?
I don't understand...if you undercut your competitors so you're the sole survivor, I don't see how profiting is a obvious end result.
When you return prices to market value wouldn't competitors just appear again. Is predatory pricing really such a bad thing, I'd assume the market would just corrects itself later?