What is a series of competitive price cuts that lowers the market price below the cost of production called? pricing fixing nonprice competiton a price war differentiation

The correct answer is: "a price war"

A price war is a competitive strategy started typically by a strong firm, which has already reached economies of scale in the industry and aims to kick some competitors out.

Reaching economies of scale allows the producer to manufacture the product at a lower cost per unit, and to charge a lower market price for it, if compared to other firms that have not such production advantage. Therefore, the strong competitor can charge a market price which is smaller than the cost per unit beared by its competitor, who would be unable to make profit in this scenario because all the consumers would prefer the cheaper option.

i believe the answer is:

-   william jennings bryan is a democrat while mckinley was a republican

at that time, the segment of population that choose for democratic party were the voters with low economic background and vice versa

- william jennings has support of populists and wants to have inflation to farmers while mckinley has support of bankers and businessmen , doesn't want inflation

the fixed value of gold make the large business able to stack up their gold without   being worried that it would devaluated.

- william jennings supported the silver standard while mckinley supported the gold standard

according to jenning, using other metal beside gold could the poor people to have more purchasing power and them advance in the society.