If a firm in a perfectly competitive market tries to raise its price above the going market price,then

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In a perfectly competitive market, all firms are price takers, which means they cannot influence the market price. If a firm tries to raise its price above the going market price, it will no longer be able to compete with other firms selling at the market price, and consumers will switch to buying from other firms. As a result, the firm will not be able to sell any output.

If a Firm in a Perfectly Competitive Market Tries to Raise