What legal status does predatory pricing have in many countries?

Predatory pricing is regarded as illegal in many countries because it involves setting prices extremely low with the intent to eliminate competition or deter new entrants from entering the market. This practice can lead to a monopoly or a dominant position that ultimately harms consumers in the long run by reducing choice and raising prices once competitors have been driven out. Regulatory bodies view predatory pricing as a threat to fair competition and overall market health, leading to legal actions against the companies involved. Therefore, the classification of predatory pricing as illegal highlights the importance of maintaining equitable conditions in the marketplace to support healthy competition and consumer interests.