In which of the following conditions does arbitrage occur?
A. When a firm sells a product at higher prices to make a profit from relatively fewer sales.
B. When a firm prices its products at the least cost, risking losses, in order to grab market share.
C. When a firm offers a product at low prices through discount coupons and promotions.
D. When a firm purchases products in a country where prices are lower and resells them in a country where prices are higher.
E. When a firm imports products from a manufacturer and distributes them directly through retail outlets.
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