Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Experience the ease of finding accurate answers to your questions from a knowledgeable community of professionals. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

A firm in a perfectly competitive market: a.must reduce its price if it wants to sell a larger quantity. b.must be large relative to the total market. c.can exert a major influence on the market price. d.must take the price that is determined in the market.

Sagot :

Lanuel

A firm in a perfectly competitive market: d. must take the price that is determined in the market.

What is a perfectly competitive market?

A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.

Read more on price here: https://brainly.com/question/11898489

#SPJ1

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.