A skimming pricing strategy:
A. allows low income households the ability to purchase a particular good or service.
B. drives competitors out of business in order to achieve a monopoly position in the market.
C. creates a "common man" image to reach a larger market.
D. establishes a high price in order to earn the highest possible profit while there is little competition.
E. establishes a low price in order to ensure little competition.
Ans: D. establishes a high price in order to earn the highest possible profit while there is little competition.
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