Answer: Option C
Explanation: In simple words, macroeconomics refers to that branch of economics which studies the economy as a whole.
The equilibrium in macroeconomic aspect refers to a situation when the aggregate demand of an economy equals its aggregate supply in the market.
The demand generates from the expenditure and the supply generates from the production.
Hence from the above we can conclude that the correct option is C.
Answer:
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Explanation:
Answer:
<u>Predatory pricing</u>
Explanation:
A "predator" refers to an animal who survives by "preying" on other animals.
Predatory pricing in a similar sense refers to that form of excessively low pricing which in a way consumes other firms by taking away their share of industry revenues. Such form of pricing is considered illegal and is against healthy competition.
Such pricing eliminates competitors from the market and gradually leads to emergence of a monopoly i.e supremacy of a single firm in the whole industry and thus considered an illegal practice.
In the given case, the retail chain can be alleged to have followed predatory pricing which is substantiated by the fact that it cuts it's prices excessively i.e even below cost , thereby forcing smaller companies to exit the industry.
