Ask Question
17 April, 09:39

Which of the following makes it more difficult for an incumbent to successfully engage in limit pricing? Multiple Choice Complete information A firm's past reputation for being tough on entrants Commitment mechanisms Learning curve effects

+2
Answers (1)
  1. 17 April, 12:23
    0
    Complete information

    Explanation:

    A limiting pricing can be described as a strategy that is employed by an incumbent to prevent entry by maintaining a price lower than the monopoly price.

    In situation whereby there is completion information, it will be more difficult for an incumbent to successfully engage in limit pricing because knowledge about the incumbent, the market, product, and others is available to others.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following makes it more difficult for an incumbent to successfully engage in limit pricing? Multiple Choice Complete ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers