In what type of market situation is static pricing commonly employed, and what are its primary characteristics? Question 7 options: In markets with fluctuating demand and intense competition, to maximize short-term profits. In markets with relatively stable demand and little competition, where the same price is set for all customers. In highly competitive markets, where prices are adjusted frequently to gain an advantage, resulting in stable revenue. In markets with unpredictable customer preferences, where prices are frequently altered to meet demand