3 A market-skimming pricing strategy should NOT be used for a new product when a. competitors are unable to enter the market ut of O b. enough buyers want the products at that price OC. competitors can undercut prices easily od the product's quality and image support its higher price 4 Which of the following is true? d out of a. Under monopolistic competition the market consists of large number of small companies b. Under pure monopoly the market dominated by one seller C. All are true d. Under oligopolistic competition, the market consists of small number of large companies