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- Limit_price abstract "A limit price (or limit pricing) is a price, or pricing strategy, where products are sold by a supplier at a price of which is lower than the average cost of production or at a price low enough to make in unprofitable for other players to enter the market.It is used by monopolists to discourage entry into a market, and is illegal in many countries. The quantity produced by the incumbent firm to act as a deterrent to entry is usually larger than would be optimal for a monopolist, but might still produce higher economic profits than would be earned under perfect competition.The problem with limit pricing as strategic behavior is that once the entrant has entered the market, the quantity used as a threat to deter entry is no longer the incumbent firm's best response. This means that for limit pricing to be an effective deterrent to entry, the threat must in some way be made credible. A way to achieve this is for the incumbent firm to constrain itself to produce a certain quantity whether entry occurs or not. An example of this would be if the firm signed a union contract to employ a certain (high) level of labor for a long period of time. Another example is to build excess production capacity as a commitment device.It is important to note that due to the often ambiguous nature of cost in production, it may be relatively easy for a firm to avoid legal difficulties when undertaking such action. Due to this ambiguous nature, limit pricing may well be a commonly-used strategy even in modern economies. However, it is often very hard to regulate, since limit pricing is often synonymous with a market monopoly. When a monopoly exists, it becomes very difficult to compare alternative prices with other, similar firms to confirm claims that limit pricing may be occurring.".
- Limit_price wikiPageID "549152".
- Limit_price wikiPageLength "4016".
- Limit_price wikiPageOutDegree "16".
- Limit_price wikiPageRevisionID "640136545".
- Limit_price wikiPageWikiLink Best_response.
- Limit_price wikiPageWikiLink Category:Anti-competitive_behaviour.
- Limit_price wikiPageWikiLink Category:Industrial_organization.
- Limit_price wikiPageWikiLink Category:Monopoly_(economics).
- Limit_price wikiPageWikiLink Category:Pricing.
- Limit_price wikiPageWikiLink Demand.
- Limit_price wikiPageWikiLink Economic_profits.
- Limit_price wikiPageWikiLink Fixed_cost.
- Limit_price wikiPageWikiLink Fixed_costs.
- Limit_price wikiPageWikiLink List_of_economics_topics.
- Limit_price wikiPageWikiLink Marginal_cost.
- Limit_price wikiPageWikiLink Market_(economics).
- Limit_price wikiPageWikiLink Monopoly.
- Limit_price wikiPageWikiLink Outline_of_economics.
- Limit_price wikiPageWikiLink Perfect_competition.
- Limit_price wikiPageWikiLink Predatory_pricing.
- Limit_price wikiPageWikiLink Pricing_strategies.
- Limit_price wikiPageWikiLink Profit_(economics).
- Limit_price wikiPageWikiLink Strategic_entry_deterrence.
- Limit_price wikiPageWikiLinkText ""limit pricing"".
- Limit_price wikiPageWikiLinkText "Limit Pricing".
- Limit_price wikiPageWikiLinkText "Limit price".
- Limit_price wikiPageWikiLinkText "limit pricing".
- Limit_price hasPhotoCollection Limit_price.
- Limit_price wikiPageUsesTemplate Template:Competition_law.
- Limit_price wikiPageUsesTemplate Template:Reflist.
- Limit_price subject Category:Anti-competitive_behaviour.
- Limit_price subject Category:Industrial_organization.
- Limit_price subject Category:Monopoly_(economics).
- Limit_price subject Category:Pricing.
- Limit_price hypernym Price.
- Limit_price type Person.
- Limit_price comment "A limit price (or limit pricing) is a price, or pricing strategy, where products are sold by a supplier at a price of which is lower than the average cost of production or at a price low enough to make in unprofitable for other players to enter the market.It is used by monopolists to discourage entry into a market, and is illegal in many countries.".
- Limit_price label "Limit price".
- Limit_price sameAs Grenzpreis_(Wirtschaft).
- Limit_price sameAs m.02nzx7.
- Limit_price sameAs Q1545824.
- Limit_price sameAs Q1545824.
- Limit_price wasDerivedFrom Limit_price?oldid=640136545.
- Limit_price isPrimaryTopicOf Limit_price.