I disagree. I believe predatory pricing is a business strategy.
This is because I have a firm belief that most economists just don’t understand basic business practices. And of course, that’s why they make so much money. By extension, I think if we can just get economists to understand predatory pricing we will have a lot more business.
What I mean is that I don’t have a problem with predatory pricing if the other elements of predatory pricing are addressed. The problem (and excuse) is the price. The fact is that most economists (and Wall Street economists as well, for that matter) believe the price is not important. They are so focused on the price that they are blind to the other elements like the product, the location, and the experience.
This is not going to be an article talking about why predatory pricing is a profitable business, but it should be mentioned that economists are very good at finding ways to exploit people. The problem comes when they are not paying attention to the other points.
It is the point that economists are so focused on “free” pricing that they forget to factor in “free” experience, location, and product. In other words, if a predatory pricing scheme is offered to you, you can’t really do anything about it.
In other words, if a predatory pricing scheme is offered to you, you cant really do anything about it. It happens all the time. A lot. Like the time a bunch of men in a car came out and started offering a free pizza to all the women in the car. Or the time a bunch of men in a car came out and tried to give away a free drink to the women in the car too.
This is a topic that has been discussed by economists and policy-makers a lot lately. The concept of predatory pricing has gotten a lot of attention in recent years because of the rising costs for things like health insurance and prescription drugs, and the fact that many people have been hesitant to pay for them at all. It’s also been a hot topic in the media lately, but it is important to note that economists and policy-makers are not the only ones who have thought about this problem.
Predatory pricing is a well-known term, so I won’t waste your time here. Instead, I’ll mention that while economists are usually the ones who are calling for predatory pricing, I’ve been talking to other economists about all of this too. A few of my colleagues have written about this subject, and one of them, Dr. Paul Reiter, has written some really insightful pieces about this as well.
I think predatory pricing is a problem because it makes it harder for consumers to compare different products. For example, it’s hard to compare apples to oranges because apples have more sugar. With predatory pricing, you have to choose the sweetest apples; so your apples are getting sweeter, and therefore selling for a higher price. This is a pretty powerful way to make it harder for consumers to make buying decisions.
I really like this article by Chris Cox, and it goes in depth about the differences between predatory pricing and predatory pricing-by-detective, which is more common in the business world.