Running at a loss is different to selling products for a loss in order to gain a competitive advantage. The latter is anti competitive behaviour.
However, your suggestion would be totally feasible. No other country than Australia likes to trash its own while rolling out the red carpet for others. Think of how we trash Wesfarmers. Telstra is the government's plaything - sold and then lumped with all the problems while welcoming Vodafone, Optus etc. Sticking it up taxi operators and letting Uber ignore regulatory frameworks. We can go on....
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