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Use the Following to Answer Question(s)

Question 2

Multiple Choice

Use the following to answer question(s) :
Exhibit: The Market for Carrots
Use the following to answer question(s) : Exhibit: The Market for Carrots -(Exhibit: The Market for Carrots) If this is a perfectly competitive market, each firm: A) will be a price setter. B) can sell all it wants to sell at the price determined by demand and supply. C) has an incentive to sell at a price lower than the market price. D) will attempt to maximize its total revenue.
-(Exhibit: The Market for Carrots) If this is a perfectly competitive market, each firm:


A) will be a price setter.
B) can sell all it wants to sell at the price determined by demand and supply.
C) has an incentive to sell at a price lower than the market price.
D) will attempt to maximize its total revenue.

Correct Answer:

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