A firm that can sell as much as it can produce at the market price is likely operating in

Question

Quizplus · Accepted Answer

In a perfectly competitive market, there are many buyers and sellers and no single firm has market power. Therefore, each firm is a price taker and can sell as much as it can produce at the market price without affecting it. If a firm was operating in a monopoly, monopolistically competitive, or oligopoly market, it would have some degree of market power and would not be able to sell as much as it could produce at the market price.

A Firm That Can Sell as Much as It Can