Concerning pricing and the competitive environment,which of the following statements is(are)accurate?

Question

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All three statements are accurate. 
A) Competition establishes an upper limit on price as firms cannot charge significantly above what their competitors are charging without losing market share. 
B) Late entrants may have the advantage of lower start-up costs, newer technology, or the ability to learn from the mistakes of the pioneers. 
C) Competitors will be more sensitive to price reductions that threaten market segments they deem important, as they do not want to lose their customer base to the pioneer or other competitors.

Concerning Pricing and the Competitive Environment,which of the Following Statements