A competitive firm: A has no supply curve B must except the price determined by

Question

A competitive firm: A has no supply curve B must except the price determined by the intersection of the market supply and demand curves C has ability to set its own price DMust base is competitive price on product differentiation E. Can consider only its location in selling price A competitive firm: A has no supply curve B must except the price determined by the intersection of the market supply and demand curves C has ability to set its own price DMust base is competitive price on product differentiation E. Can consider only its location in selling price A has no supply curve B must except the price determined by the intersection of the market supply and demand curves C has ability to set its own price DMust base is competitive price on product differentiation E. Can consider only its location in selling price

Explanation / Answer

B must except the price determined by the intersection of the market supply and demand curves

the above is the answer. I guess except is written wrongly, it is accept.

because in competition prices are set by the market forces.

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