areeda–turner test

Areeda–Turner test. Antitrust. An economic test for predatory pricing whereby a price below average variable cost is presumed to be predatory and therefore illegal. • This test is widely accepted by federal courts. Its name derives from the coauthors of an influential law-review article: Phillip Areeda & Donald F. Turner, Predatory Pricing and Practices Under Section 2 of the Sherman Act, 88 Harv. L. Rev. 692 (1975). They reformulated their test in 3 Phillip Areeda & Donald F. Turner, Antitrust Law ¶ ¶ 710–722 (1978). See PREDATORY PRICING.

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