If a perfectly competitive firm facing a market price of $3 per unit decides to produce 30,000 units, the market price will likely:

Name: If a perfectly competitive firm facing a market price of $3 per unit decides to produce 30,000 units, the market price will likely:
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In a perfectly competitive market, individual firms are price takers, meaning the market price is determined by the overall supply and demand. The decision of a single firm to produce 30,000 units will not affect the market price.

If a Perfectly Competitive Firm Facing a Market Price of $3