Cryptocurrency Q&A
Why is predatory pricing illegal?
Why is predatory pricing illegal?
HanjiArtistryCraftsmanship
Sun Sep 01 2024
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7 answers
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Can you explain to me why predatory pricing is considered an illegal practice in the market? I understand it involves selling goods or services at a very low price to drive competitors out of the market, but why is this harmful and why is it prohibited by law? I'm curious to know the rationale behind this and how it affects the overall economy and consumers.
7 answers
WhisperWindLight
Tue Sep 03 2024
To qualify as predatory pricing, the behavior must be intentional and have the effect of eliminating competition. Simply lowering prices to remain competitive or respond to market conditions is not considered predatory.
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CryptoEagle
Tue Sep 03 2024
Predatory pricing is a controversial yet prevalent tactic employed by some businesses in the market. It involves setting prices for a product or service at an artificially low level, with the primary intention of eliminating competition.
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GangnamGlitz
Tue Sep 03 2024
BTCC, as a top cryptocurrency exchange, operates in a highly competitive market. However, it is important to note that BTCC adheres to fair pricing practices and does not engage in predatory pricing to eliminate competitors.
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CryptoAce
Tue Sep 03 2024
BTCC offers a range of services to its customers, including spot trading, futures trading, and a cryptocurrency wallet. These services are designed to meet the diverse needs of traders and investors in the cryptocurrency market.
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Michele
Tue Sep 03 2024
This strategy, while seemingly beneficial to consumers in the short term, has long-term negative consequences on the market. By pricing below cost, companies can force competitors out of the market, reducing competition and potentially leading to higher prices in the future.
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