Because perfectly competitive firms must accept the ­_________________ curve (demand or supply) for its output as determined by the product's market demand and supply it cannot choose the price it charges

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter9: Perfect Competition
Section: Chapter Questions
Problem 7QP
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Because perfectly competitive firms must accept the ­_________________ curve (demand or supply) for its output as determined by the product's market demand and supply it cannot choose the price it charges

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