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Commerce · Q1064

Economics

Graduate and Post Graduate · Commerce · question 1064

Q1064

If a firm operates in a perfectly competitive market, then it will most likely

A.
advertise its product on television
B.
have difficult time obtaining information about the market price
C.
settle for whatever price is offered
Answer
D.
have an easy time keeping other firms out of the market

Answer: Option C

Solution

Answer: Option C
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