24. In competitive price-taker markets, firms A. can sell all of their output at

Question

24.   In competitive price-taker markets, firms A.   can sell all of their output at themarket price. B.   produce differentiated products. C.   can influence the market price byaltering their output level. D.   are large relative to the totalmarket 24.   In competitive price-taker markets, firms A.   can sell all of their output at themarket price. B.   produce differentiated products. C.   can influence the market price byaltering their output level. D.   are large relative to the totalmarket 24.   In competitive price-taker markets, firms

Explanation / Answer

   the perfectly competitive firm has noinfluence over the market price. It can sell as many units as itwishes at that price. :
so the answer is A cansell all of their output at the market price :
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