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. [Blacks Law 8th]