Limit Pricing by a Price Leader in an Oligopoly Refers

Multiple Choice

Limit pricing by a price leader in an oligopoly refers to the strategy of setting a price

A) that blocks the entry of new firms.
B) that ensures profits for the least efficient existing firm in the oligopoly.
C) that maximizes profits for all firms in the oligopoly market.
D) that maximizes profits for the price leader, but not necessarily for the other firms.