Elaine’s firm is in a perfectly competitive industry. Why doesn’t Elaine try to sell more of her product by lowering its price below the market price?
a. Her demand curve is not elastic.
b. Doing so would be considered unethical price chiseling.
c. Her competitors would not allow it.
d. She can sell all she wants at the market price.
d. She can sell all she wants at the market price.
Economics
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