Solved

The Perfectly Competitive Firm Has No Influence Over Price Because

Question 106

Multiple Choice

The perfectly competitive firm has no influence over price because


A) its output is so insignificant relative to the market as a whole.
B) antitrust laws constrain perfectly competitive firms.
C) consumers establish the prices of products.
D) it doesn't know its demand curve.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q101: At a perfectly competitive firm's short-run equilibrium

Q102: Table 10-1 Table 10-1 </p></div><svg width=

Q103: Figure 10-2
​ Figure 10-2 ​</p></div><svg width=

Q104: Table 10-1 Table 10-1 </p></div><svg width=

Q105: Figure 10-1
​ Figure 10-1 ​</p></div><svg width=

Q107: Figure 10-1
​ Figure 10-1 ​</p></div><svg width=

Q108: Figure 10-2
​ Figure 10-2 ​</p></div><svg width=

Q109: For a perfectly competitive firm in the

Q110: Figure 10-1
​ Figure 10-1 ​</p></div><svg width=

Q111: In a perfectly competitive industry, influence over

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents