Question

Which of the following business practices, which forced competitors to shut down, was Standard Oil accused of engaging in?

A. price fixing
B. predatory pricing
C. price discrimination
D. price deregulation

Answer 1

Answer: B

Explanation: i just took the test

Answer 2

The type of business practice that will force competitors to shut down is letter B. predatory pricing. Predatory is a way of shutting competitors even though is it is highly risky. It has the way of shutting competitors by providing lower prices of their products in order for other competitors to be driven out and shut down of the market.