Answer:
C. If the firm were to charge more than the going price, it would sell none of its goods.
Explanation:
A price-taker firm is defined as an individual company which must accept the prevailing prices in the market, lacking a market share to influence the market price on its own.
If a company is considered as a price taker in the competitive market, it does not have the power to influence the present market price by the quantity of the products it produces.
Thus if a price taking firm can charge more for a product than the going market price, then it would not sell its products.
Hence the correct option is (C).
Answer by YourHope:
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