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Given the Usual Assumptions About Perfect Competition,a Perfectly Competitive Firm

Question 3

Multiple Choice

Given the usual assumptions about perfect competition,a perfectly competitive firm


A) can set the price it charges.
B) can sell as much of its product as it wishes at the market price.
C) can affect the market conditions in a significant way.
D) is aware of its competitors' costs.
E) competes actively with other sellers in the industry.

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