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limit pricing

Α pricing strategy, where products are sold by a monopolist at a low price in order to discourage entry into a market. This price is often lower than the average cost of production, or low enough to make in unprofitable for other players to enter the market. It is illegal in many countries.

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Industry/Domain: Timepieces Category: Clocks

Act of parliament clock

A British act of parliament passed in 1797 levied a tax of five shillings per annum on all clocks and is said to have caused a decline in their ...

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