The amount of output that a firm decides to sell has no effect on the market price in a competitive industry because
A) the market price is determined (through regulation) by the government
B) the firmʹs output is a small fraction of the entire industryʹs output
C) the demand curve for the industryʹs output is downward sloping
D) the firm supplies a different good than its rivals
E) the short run market price is determined solely by the firmʹs technology
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Home » Business » The amount of output that a firm decides to sell has no effect on the market price in a competitive industry because A) the market price is determined (through regulation) by the government B) the firmʹs output is a small fraction of the entire