Firm A is a perfectly competitive firm.Firm B is a monopolistically competitive firm.Both firms are currently maximizing their respective profits.Which of the statement best explains the differences between the two firms' sales strategies
A) Firm A will set the price for its products and Firm B will not set the price.
B) Firm A will not set the price for its products and Firm B will set the price.
C) Firm B would be eager to make an additional sale, but Firm A would not care whether it made an additional sale or not.
D) Firm A would be eager to make an additional sale, but Firm B would not care whether it made an additional sale or not.
Correct Answer:
Verified
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