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A perfectly competitive firm: A) will budget money to advertise its product. B) can adjust the price of the product so that it sells, in order to make more money.

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Answer:

D) has output that is so small, relative to market supply, that it cannot influence the market price

Step-by-step explanation:

The Perfect competition is that market condition in which it have various characteristics like

1. Large number of buyers and sellers

2. Same or similar products

3. Perfect knowledge

4. Free entry and exist

In this market competition, the output is very small also it is related to the market supply and the market supply does not affect the market price

Hence, the correct option is d.

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