If a firm operates in a perfectly competitive market, then it will most likely
A. advertise its product on television.
B. settle for whatever price is offered.
C. have a difficult time obtaining information about the market price.
D. have an easy time keeping other firms out of the market.
Answer:B
If a firm operates in a perfectly competitive market, then it will most likely
A. advertise its product on television. B. settle for whatever price is offered. C. have a difficult time obtaining information about the market price. D. have an easy time keeping other firms out of the market.