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Limit pricing is used primarily to: A) reduce (limit) the profits of all of the firms in the industry. B) discourage new firms from entering
Limit pricing is used primarily to:
A) reduce (limit) the profits of all of the firms in the industry.
B) discourage new firms from entering a market.
C) drive other firms out of a market.
D) establish a minimum price all of the firms in the market will charge.
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