94) Penny Bank, a discount store, is highly competitive. When entering a new market, PennyBank often cuts prices so deeply that it sells below costs, effectively pushing smaller retail storeswith less purchasing power out of the market. In this case, Penny Bank is using ________.A) market skimmingB) psychological pricingC) predatory pricingD) deceptive pricingE) cost-plus pricingAnswer:C