Question: Can anyone help me with this practice question? A perfectly competitive firm: -will budget money to advertise its product. -can adjust the price of the

Can anyone help me with this practice question?

A perfectly competitive firm:

-will budget money to advertise its product.

-can adjust the price of the product that it sells in order to make more money.

-can make an economic profit in the long run.

-has output that is so small, relative to market supply, that it cannot influence the market price.

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