Farmer Brown sells her wheat in a perfectly competitive market. Suppose the current market price of wheat is $2.50 per bushel.
A) Farmer Brown can sell as much wheat as she likes at $2.50 per bushel.
B) Farmer Brown can charge any price for her wheat, but will maximize profit if she sells for less than $2.50.
C) Farmer Brown should charge more than $2.50.
D) Farmer Brown can charge more than $2.50 and still sell some wheat.
Correct Answer:
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