Which of the following is true regarding price-level policies?
A. In an oligopoly situation, pricing "above the market" usually leads to an increase in profit.
B. Meeting competition is the only sensible policy in monopolistic competition.
C. Charging a lower price than seeming competitors may not mean that a firm is selling "below the market."
D. A firm in pure competition may increase profit by pricing "below the market."
E. None of these answers is correct.
Answer: C
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