One Way a Firm Can Gain Pricing Power Is To

Multiple Choice

One way a firm can gain pricing power is to:

A) produce something radically new and better than the competition
B) lower prices at least 5% below the nearest competitor
C) eliminate all poor producing products from manufacture and heavily promote the products that are left
D) join forces with a competitor to corner the market on a product
E) All of these strategies will help a firm gain pricing power.