It is alleged that markets fail, in some situations, to insure a fair price and thereby limit consumers' freedom. Which statement does not support that allegation?
A. Monopolistic pricing limits the variety of products available to consumers.
B. The more uniformity of prices one finds within an industry, the less likely it is that competition exists.
C. From the utilitarian perspective, consumers are always benefited by low prices and balancing the benefits to buyers from low prices with the benefits to sellers of high prices is the only ethical pricing issue.
D. Sellers extract extraordinarily high prices in situations where consumers have few options for obtaining a needed product.
Answer: C
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