predatory pricing

Show Summary Details

Quick Reference

The practice, undertaken largely by dominant businesses, of pricing goods or services at such a low level that competitors are forced to leave the market. While small companies are entitled to price as they wish, provided this is not in collusion with other companies, dominant businesses must comply with Article 82 of the Treaty of Rome and the Competition Act 1998; predatory pricing may be an abuse of a dominant position contrary to these provisions. Companies can be fined for engaging in predatory pricing.

Subjects: Law — Business and Management.

Reference entries

See all related reference entries in Oxford Index »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.