A Perfectly Competitive Firm Can

A perfectly competitive firm can

A) sell additional output only by lowering its price.
B) set a higher price for customers who are willing to pay more.
C) sell all of its output at the prevailing market price.
D) raise its price in order to increase its total revenue.
E) usually not sell all the output it produces, but it still 'overproduces' because there are some periods when it can sell the extra output at very profitable prices.