Final answer:
A firm that seeks to sell the entire market at one low price adopts a penetration pricing strategy.
Step-by-step explanation:
A firm that seeks to sell the entire market at one low price adopts a penetration pricing strategy. Penetration pricing is a pricing strategy where a firm sets a low initial price to quickly gain market share. This strategy is often used when a firm wants to enter a new market or compete with existing competitors. By offering a lower price than competitors, the firm aims to attract customers and establish a strong presence in the market.