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22 October, 06:15

Price is constant to the individual firm selling in a purely competitive market because

a. the firm's demand curve is downsloping.

b. of product differentiation reinforced by extensive advertising.

c. each seller supplies a negligible fraction of total supply.

d. marginal costs are constant.

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Answers (1)
  1. 22 October, 09:39
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    Option C - each seller supplies a negligible fraction of total supply.

    Explanation:

    Price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of total supply.
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