Phil believes that the dealership should lower car prices to capture a higher share of the market. Which statement best supports Phil's argument?

A) Short-term profits will not be affected by lower prices if a firm is an e-retailer.
B) Competitors will lower prices to gain market share, and a price war will ensue.
C) Firms with large market shares are publicly owned but less strictly monitored.
D) A temporary reduction in profits could lead to long-term future profits because of greater market share.
E) A company with the largest share of the market can cut costs and raise prices without the public noticing or switching to competitors.

D

Business

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