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Question: johns leather company has installed equipments and trained workers and...

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John's Leather Company has installed equipments and trained workers, and has started to produce specifically shaped leathers. Uptown Fashion Inc. realizes that pay $50 per square feet is nonsensical because no one else wants these leathers and John's will have no other customers anyway. It decides to lower the rate to $11, which is below market price of $20 for leathers and just slightly above $10 which is what others will pay for specifically shaped leathers. This move by Uptown Fashion Inc. is called

A) Hold out

B) Learning curve

C) Hold up

D) Transfer pricing

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