A Purely Competitive Firm Does Not Try to Sell More

question 101

Multiple Choice

A purely competitive firm does not try to sell more of its product by lowering its price below the market price because

• A) its competitors would not permit it.
• B) it can sell all it wants to at the market price.
• C) this would be considered unethical price chiseling.
• D) its demand curve is inelastic, so total revenue will decline.

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In programming, a code module that contains collections of functions, procedures, and definitions to be used across different parts of a program or application.