Please answer for me!

2. Suppose you hear the CEO of a small rm complaining about the difculties he faced as he tried to enter a market that has a strong incumbent rm: "as soon as we started to market our product, our rival would basically give away his stuff for free! He did everything to try and drive us out of the market. It was so unfair! We never had a real chance to make it . . . A rm should not be allowed to do a thing like that. I think the government should pass a law that prohibits to price below cost..." Discuss this proposal. Do you agree? 3. (Continue from q. 3) To get a clear picture of the situation, you decide to confront the incumbent's CEO with the smaller rm's allegations and ask for their point of view. Here is what they tell you: "come on, this is ridiculous! These guys were just not competitive enough... Their product was junk, and their pricing was beyond the beyonds! Do you want to blame us for having the better product and better prices? Let's face it: The marketplace is like the Olympics - it's always the best guy who will win!" Discuss this statement