A firm charging a price identical to or very close to the competition's price is using which type of strategy?

Question

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Status quo pricing involves setting a price similar to that of competitors and is often used to maintain market share or avoid price wars. Differentiation pricing involves charging a higher price for a unique product or feature, while leader pricing involves setting a lower price to attract customers or gain market share. Preemptive pricing involves setting a low price to prevent new competitors from entering the market.

A Firm Charging a Price Identical to or Very Close