Read on to find out the answer to these questions and all there is to know about perfectly competitive firms. What is the demand for a perfectly competitive firm? How should you price your products if you own a perfectly competitive firm? What about the total output that you should produce? If that is the case, your farm is considered to be a perfectly competitive firm. You charge the price for your apples the same as the other farmers. Imagine you own a farm and cannot influence the market price of the apples you sell on your farm.
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