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

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26-03-2018
Business

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

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sophyyyy sophyyyy · Answer 1 · 2018-03-26T07:00:27+02:00

sophyyyy sophyyyy

26-03-2018

any sellers who raise its price lose all of their customers
any sellers who lower the price also cause the reduction in price of other firms,that may lower the profit gained

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