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Get access to the detailed solutions to the previous years questions asked in IIFT exam
In the passage it is given "Both groups were passionate about steel................ Dominating the market would enable either firm to increase its pricing position with customers, the car-makers, ship-builders and construction firms, as well as chasing growth in the new markets of Asia, South America and Eastern Europe. "
Thus both of them wanted to dominate the market to increase their pricing position with customers.
Hence D is the correct answer