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"The real story is they've come in here with predatory pricing."
"What's wrong is when you try to do something about it with predatory pricing."
But few Americans would question the existence of predatory pricing.
Some 264, slightly over a third, said they had often or sometimes lost business in the last two years because of predatory pricing.
The parallel is with the treatment of predatory pricing in competition policy.
To win against any airline, the Government's evidence would need to be strong because predatory pricing cases are difficult to prove.
This includes the use of predatory pricing toward smaller competitors.
The welfare analysis of predatory pricing is also generally ambiguous.
But they would be protected from predatory price cuts.
Yet businesses may engage in predatory pricing as a longer term strategy.
If the Administration backed down, he said, the states might bring suit against the airlines for predatory pricing.
The company also presented an economic analysis it had paid for that was said to detail predatory pricing.
It's the government's first suit over predatory pricing since airline deregulation.
Predatory pricing would still be illegal under domestic antitrust laws.
Many economists argue that predatory pricing is rare or impossible.
But the argument that this constitutes "predatory pricing" is dubious at best.
The parallel (and more familiar) problem in domestic markets is predatory pricing.
The Washington Post went bankrupt in 1933, though not because of predatory pricing.
Economic advisers to President Bush have been critical, for instance, of predatory pricing cases.
It was the first so-called predatory pricing case since the airlines were deregulated.
Predatory pricing is defined as lowering prices below what it costs to deliver the service.
But pressure, adverse publicity and perhaps financial penalties for predatory pricing are more likely to be successful.
Furthermore, if Standard did pursue a predatory pricing strategy, it sure didn't work.
Our proposal would protect the public from predatory pricing."
Eventually a small competitor may not have the resources to stay in business if a larger predator continues predatory pricing for long enough.