When a firm is already selling the same goods in markets that are in close proximity to a market being entered for the first time, what might this mean in terms of the pricing strategy selected for that product in that new market?

A. That the price should be set based entirely on the competition in that new market.

B. That the price should be coordinated with the prices in other markets in close proximity. C. That the price should be set very low in the new market in order for the product to be competitive.

D. That the price needs to be higher in the new market than in the markets in close proximity in order for the product to be competitive.

When a firm is already selling the same goods in markets that are in close proximity to a market being entered for the first time, what might this mean in terms of the pricing strategy selected for that product in that new market? That the price should be set based entirely on the competition in that new market. That the price should be coordinated with the prices in other markets in close proximity. That the price should be set very low in the new market in order for the product to be competitive. That the price needs to be higher in the new market than in the markets in close proximity in order for the product to be competitive