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What is predatory pricing?

What is predatory pricing? Here are some definitions.

Noun
  1. (economics) A strategy of selling a good or service at a very low price so as to drive one's competitors out of business (at which point one can raise one's prices more freely).
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Examples
If a business offers free products in an effort to significantly reduce or eliminate competition, it will likely be found guilty of predatory pricing.
The Bloc of old might have believed that the federal government had no place deciding when a business had engaged in predatory pricing.
Furthermore, Bill C-454 proposes to decriminalize the criminal provisions dealing with price discrimination and predatory pricing.
He said that predatory pricing is a short-term strategy that does not deliver sustainable price competition but on the contrary it is designed to reduce competition.
His company was in a vulnerable position because it had been subject to predatory pricing over several months.
Examples of abuse of a dominant position include overcharging, discrimination against suppliers, unjustifiable refusals to supply and predatory pricing.

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