A Perfectly Competitive Firm Has to Charge the Same Price

question 273

Multiple Choice

A perfectly competitive firm has to charge the same price as every other firm in the market.Therefore, the firm

• A)faces a perfectly inelastic demand curve.
• B)is not able to make a profit in the short run.
• C)is a price taker.
• D)faces a perfectly elastic supply curve.

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Definitions:

Salespeople

Professionals engaged in selling products or services to customers, often representing a company or a brand.

Mutual Goals

Shared objectives or aims between two or more parties, often leading to cooperation and collaborative efforts.

Sales Organizations

Companies or teams structured to manage the process of selling products or services to customers.

Strategic Problem Solvers

Individuals or teams who employ a systematic approach to address challenges and find effective solutions, often in a business context.