Given the Usual Assumptions About Perfect Competition,a Perfectly Competitive Firm

question 134

Multiple Choice

Given the usual assumptions about perfect competition,a perfectly competitive firm

• A)can set the price it charges.
• B)can sell as much of its product as it wishes at the market price.
• C)can affect the market conditions in a significant way.
• D)is aware of its competitors' costs.
• E)competes actively with other sellers in the industry.