A firm can sell as much of a product as it can produce at a single market price in

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Quizplus · Accepted Answer

In perfect competition, there are many buyers and sellers, and the price is determined by the market forces of supply and demand. The firms in perfect competition are price-takers, meaning that they cannot influence the market price. As a result, the firm can sell as much of a product as it can produce at a single market price, since it does not have the ability to affect the price.

A Firm Can Sell as Much of a Product as It