Predatory pricing exists whenever consumers in different countries are

QUESTION

Predatory pricing exists whenever consumers in different countries are charged different prices for the same product, or for slightly different variations of the product.

Indicate whether the statement is true or false.

ANSWER

FALSE
Price discrimination exists whenever consumers in different countries are charged different prices for the same product, or for slightly different variations of the product. Price discrimination involves charging whatever the market will bear; in a competitive market, prices may have to be lower than in a market where the firm has a monopoly.