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An Individual Seller in a Purely Competitive Market

Question 27

Multiple Choice

An individual seller in a purely competitive market:


A) must be willing to accept a lower price for its product if it wants to increase its sales.
B) competes with a large number of other sellers who produce virtually identical products.
C) would be able to increase the price of its product by withholding some of its product from the market.
D) all of the above.

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