how-does-market-equilibrium-affect-the-pricing-strategy-of-firms-in-a-perfectly-

Question

How does market equilibrium affect the pricing strategy of firms in a perfectly competitive market?

Accepted Answer

Firms must accept the equilibrium price as given.

Answer

Firms can negotiate prices with buyers.

Answer

Firms can influence the equilibrium price through advertising.

Answer

Firms can set prices above the equilibrium price.