​The practice of buying a firm's good in one market at a low price and selling it in another market for a higher price in order to profit from the price difference is known as

A) ​Predatory pricing
B) Price collusion
C) Arbitrage
D) ​Mark-up pricing

Arbitrage

The practice of buying and selling assets in different markets or forms to profit from differing prices for the same asset.

Predatory Pricing

A strategy where a firm sets prices below cost with the intention of driving competitors out of the market, and then possibly raising prices to higher levels once competition is reduced.

Mark-up Pricing

A pricing strategy where a fixed percentage is added to the cost of producing a good or service to determine its selling price.