admin
06-10-2003, 06:29 PM
In a statement to the North Carolina Senate, the FTC had the following to say regarding selling motor fuel below cost:
" --Low prices benefit consumers. Consumers are harmed
only if low prices allow a dominant competitiior to raise
prices later to supracompetive levels.
--Scholarly studies indicate that below-cost pricing that
leads to monopoly rarely occurs. The Supreme Court has
found such studies to be crediablle."
Read the FTC comments:
http://www.ftc.gov/os/2003/05/ncclsenatorclodfelter.pdf
" --Low prices benefit consumers. Consumers are harmed
only if low prices allow a dominant competitiior to raise
prices later to supracompetive levels.
--Scholarly studies indicate that below-cost pricing that
leads to monopoly rarely occurs. The Supreme Court has
found such studies to be crediablle."
Read the FTC comments:
http://www.ftc.gov/os/2003/05/ncclsenatorclodfelter.pdf