Question

an individual seller in perfect competition will not sell at a price lower than the market price because question 6 options: demand for the product will exceed supply. the seller would start a price war. the seller can sell any quantity she wants at the prevailing market price. demand is perfectly inelastic.

Answer 1

Answer:

No

Explanation:

None of these options are correct. The individual seller in the perfect competition will not sell at a price lower than the market price because they are price takers and cannot set their prices. Instead, the forces of demand and supply determine the market price, and the individual seller must accept this price.