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Home Q & A Board Other Fields Homework Help Business Economics
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Retnec Retnec
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6 years ago
Because purely competitive industries are composed of a large number of relatively small firms,
A) these firms can easily alter the market price by withholding their output from the market.
B) these firms can never earn an economic profit.
C) the market price cannot change.
D) these firms are unable to alter the market price by withholding their output from the market.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Retnec Author
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#2
6 years ago
You have the correct answer! Smiling Face with Halo
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