number #24

Which of the following statements about penetration pricing is not correct? O This pricing strategy is not used by perfectly competitive firms. An incumbent firm uses this strategy to prevent competitors from entering the market. It is a pricing strategy that can be used to overcome network effects. O This pricing strategy is similar to predatory pricing in that a firm may suffer in the short run in order to earn higher long-term profits. O It is a pricing strategy that is sometimes employed by firms that attempt to enter a market