False. All economists do not believe that predatory pricing is a profitable business strategy.
What does "predatory pricing" mean?
A dominant company will often use predatory pricing as a deliberate strategy to drive out rivals by setting exceptionally cheap prices or supplying products for less than the company would otherwise have to spend on manufacturing (often equated for practical purposes with average variable costs).
Predatory pricing, sometimes referred to as undercutting, is a pricing strategy in which a good or service is offered at an extremely low cost with the goal of driving out rivals or establishing barriers to entry for potential new competitors.
If a competitor was selling a TV for $100 and you were offering the same TV for $80, you would be using predatory pricing.
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