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Author Question: Why will a perfectly competitive firm not sell its product below the prevailing market price? (Read 42 times)

Maddie9229

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on: Oct 12, 2022
Why will a perfectly competitive firm not sell its product below the prevailing market price?
◦ It can sell all it wishes at the market price.
◦ The sellers in the market have agreed to not sell below a specified price.
◦ Its costs would increase dramatically.
◦ This would lead to a price war among sellers.
◦ It faces inelastic demand.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Maddie9229 on Oct 12, 2022

xinyifff

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Maddie9229

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

vickyvicksss

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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