Qualcomm Faces European Competition Probe over Claims of Predatory Pricing.The European Union Competition Chief said: " We are launching these investigations because we want to be sure that high-tech supplies can compete on the merits of their products" Qualcomm responded that the claims were "without merit". On similar grounds, Qualcomm was fined in China for a bit below one billion dollars. Please, read this article:Qualcomm Faces Scrutiny over AntytrustAllegations.Hint: To answer the following questions you may consider Parkin pages 234, 235, 325, and 355.

q. Should predatory prices be allowed as consumers benefit from the low prices?Hint: Even if this is true, there could be disputes between domestic firms against foreign firms.

a. No. It just benefits companies.

b. Yes. Predatory pricing should not be a relevant issue as consumers benefit from low prices.