what-is-the-consequence-for-a-firm-if-it-attempts-to-sell-at-a-price-above-the-m

Question

What is the consequence for a firm if it attempts to sell at a price above the market price in a perfectly competitive market?

Accepted Answer

The firm will not sell any products.

Answer

The firm will maintain its sales volume.

Answer

The firm will sell fewer products.

Answer

The firm will sell more products.