Question

A company opens a business in a new town. They lower their prices below 2 points

cost of production and cause the competition to sell out to them. They
then repeat this process in a different town and so on until they control
the industry. Which business ideas/philosophies does this represent
(select all that apply) *
Vertical integration
Horizontal integration
Social Darwinism
Gospel of Wealth
Robber Baron

Answer 1

A

Because they have to attract the customers first to make money then they can increase the prices late