### Answer

Predatory pricing refers to the strategy where a business sets the prices of its products or services below cost to eliminate competition and establish a dominant market position. Antitrust laws are designed to promote fair competition and prevent unfair practices that might harm consumers or the market.

1. **Short Run vs Long Run**: In the short run, predatory pricing can effectively drive competitors out of the market. However, this practice is often identified as illegal under antitrust laws due to its potential to harm competition in the long term once the predator re-establishes prices at higher levels.

2. **Legal Framework**: Antitrust laws, including the Sherman Act and the Robinson-Patman Act, prohibit practices that restrict free competition. Thus, predatory pricing is viewed as illegal in both the short and long run.

3. **Conclusion**: Therefore, the statement "Predatory pricing violates antitrust law just in the short run" is **False**. Predatory pricing is considered a violation of antitrust law regardless of the time frame.

### Final Answer
**False**

Question

### Answer

Predatory pricing refers to the strategy where a business sets the prices of its products or services below cost to eliminate competition and establish a dominant market position. Antitrust laws are designed to promote fair competition and prevent unfair practices that might harm consumers or the market.

1. **Short Run vs Long Run**: In the short run, predatory pricing can effectively drive competitors out of the market. However, this practice is often identified as illegal under antitrust laws due to its potential to harm competition in the long term once the predator re-establishes prices at higher levels.

2. **Legal Framework**: Antitrust laws, including the Sherman Act and the Robinson-Patman Act, prohibit practices that restrict free competition. Thus, predatory pricing is viewed as illegal in both the short and long run.

3. **Conclusion**: Therefore, the statement "Predatory pricing violates antitrust law just in the short run" is **False**. Predatory pricing is considered a violation of antitrust law regardless of the time frame.

### Final Answer
**False**

Knowee AI · Accepted Answer

### Answer

Predatory pricing refers to the strategy where a business sets the prices of its products or services below cost to eliminate competition and establish a dominant market position. Antitrust laws are designed to promote fair competition and prevent unfair practices that might harm consumers or the market.

1. **Short Run vs Long Run**: In the short run, predatory pricing can effectively drive competitors out of the market. However, this practice is often identified as illegal under antitrust laws due to its potential to harm competition in the long term once the predator re-establishes prices at higher levels.

2. **Legal Framework**: Antitrust laws, including the Sherman Act and the Robinson-Patman Act, prohibit practices that restrict free competition. Thus, predatory pricing is viewed as illegal in both the short and long run.

3. **Conclusion**: Therefore, the statement "Predatory pricing violates antitrust law just in the short run" is **False**. Predatory pricing is considered a violation of antitrust law regardless of the time frame.

### Final Answer
**False**

Predatory pricing violates antitrust law just in the short run.Select one:TrueFalse

Question

Predatory pricing violates antitrust law just in the short run.

Solution

Answer

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