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Characteristics of Perfect Competition
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Problem 10
Characteristics of Perfect Competition
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11. Perfect Competition / Characteristics of Perfect Competition / Problem 5
Problem 5
What is the primary implication of a horizontal demand curve for a firm's production strategy in a perfectly competitive market?
A
The firm should focus on product differentiation.
B
The firm can influence the market price by adjusting production.
C
The firm can produce any quantity without affecting the market price.
D
The firm must limit production to maintain the market price.
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