Which of the following provides an example of a firm in a red ocean?

A. Chique Apparel offered clothing at a low price but failed to differentiate its product as being exclusive.

B. Cheap Apparel offered clothing at a price matching that of its competitors and, as a result, it had lower profit margins.

C. Goode Apparel offered clothing at a mid-range price but failed to differentiate its product as being of decent quality.

D. Top Drawer Apparel offered clothing at a higher price than competitors and, as a result, failed to make a profit.