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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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