Word: undercutting
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...system that has put telephones in 94% of American homes. Only by charging tieline customers somewhat more than the service actually costs to provide, they contend, can AT&T hold down rates to users of its standard services. Federal regulators, they argue, should not permit its rates to be undercut by MCI, which has no obligation to maintain unprofitable service in rural communities, as Bell does. MCI executives reply simply that prices should reflect the cost of providing service: costly services should be expensive, and inexpensive services should be cheap...
...example is, once again, the court between Matthews and Strauss, and, potentially, the Canaday court. On the east side of Sever Hall, however, situated in a much larger yard, the shrubs are an unmitigated disaster. Their diminutive scale and bushy quality tend to distract the eye from and visually undercut a most majestic building...
...offset the higher costs by raising output per man-hour; but service industries, which account for more than 40% of the economy, find that difficult. And as U.S. industry grows more concentrated, businessmen can raise prices more confidently than they could if there were more competitors around who might undercut them...
...cannot admit the obvious. When he is in Washington, he still sees Nixon for a half-hour every morning, but the atmosphere of their meetings is more relaxed. Kissinger no longer has to prove his loyalty to the President, nor does he have to worry about being undercut by the White House palace guard. Nixon now allows
...after a while and allowed at least a semblance of parliamentary democracy. But the Brazilian "gorillas" were different. They dissolved all political organizations, banned labor unions, suspended civil liberties, filled the jails, and sat back comfortably, smugly confident that skyrocketing U.S. aid and investment would foster economic development and undercut the sources of rebellion. The generals planned to stay in power for a long time, and the Communist Party's plan to wait them out made less and less sense as the decade wore...