A perfectly competitive firm does not influence the demand for its commodities by lowering its price below the market price because? - SchoolNGR

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A perfectly competitive firm does not influence the demand for its commodities by ...

A perfectly competitive firm does not influence the demand for its commodities by lowering its price below the market price because?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A It is illegal price cutting
B Other competitors will be angry
C Total revenue will decline due to its elastic demand curve
D It is able to sell all it wants at the market price
E It does not maximize profit

Correct Answer: Option C

Explanation:

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