The following statements relate to Restrictive Trade Practices (RTP). Choose the correct code for the statements being correct or incorrect. Statement I: Often a low price is the result of a predatory pricing strategy; prompting selling at prices below cost. Statement II: This is done with an aim to drive out existing competitors because predatory pricing is a restrictive trade practice.

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General Studies · Business Environment

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both statements I and II are correct.

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Answer 1

Statement I is correct, but II is incorrect.

Answer 2

Statement II is correct, but I is incorrect.

Answer 3

Both statements I and II are correct.

Answer 4

Both statements I and II are incorrect.

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