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    Economics Today
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    Exam 23: Perfect Competition
  5. Question
    The Perfectly Competitive Firm Cannot Influence the Market Price Because
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The Perfectly Competitive Firm Cannot Influence the Market Price Because

Question 358

Question 358

Multiple Choice

The perfectly competitive firm cannot influence the market price because


A) it has market power.
B) its production is too small to affect the market.
C) it is a price maker.
D) its costs are too high.

Correct Answer:

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