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Brodie Sells Fish in a Perfectly Competitive Market

Question 47

Multiple Choice

Brodie sells fish in a perfectly competitive market. Suppose the current market price of fish is $4.50 per pound.


A) Brodie can sell as many fish as he can catch at $4.50 per pound.
B) Brodie can charge any price he likes for his fish, but will maximize profit if he sells for less than $4.50.
C) Brodie should charge more than $4.50.
D) Brodie can charge more than $4.50 and still sell some fish.

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