Why Doesn't a Perfectly Competitive Firm Charge a Price Slightly

question 160

Essay

Why doesn't a perfectly competitive firm charge a price slightly higher than the industry price in order to earn extra profit?

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Definitions:

Quick Print

A feature in software that allows users to print documents with the click of a button, using the default print settings.

Unique Values

Distinct or non-repeating data points in a set, each representing a different piece of information.

Property Sheet

A property sheet is a user interface element that displays the properties of an object or item and allows users to edit those properties.

Duplicates

Items or records that have identical information in one or several fields, often requiring removal or consolidation in databases.