(Answered) Question you are watching television an advertisement

Management Studies

Question: You are watching television. An advertisement begins, "Come on down to Warehouse Electronics. We've got deals so great you won't believe it! National brand 13-inch color television sets for $99.The price is so low that we can't tell you the name of the manufacturer!"

Although this activity appears like price fixing, is the objective of this practice to reduce competition? Why?

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