If a price-taker firm selling in a competitive market offers its product at a higher price than others, it will

A) increase its profits.
B) maintain its profit base if the demand for the product is inelastic.
C) be able to expand output.
D) not be able to sell any output.

Price-Taker Firm

A company that must accept the market price of its product without having the influence to change it, typically because the market is highly competitive and the product is undifferentiated.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are close substitutes, leading to price competition and efficiency.

Output

The quantity of goods or services produced by a company, industry, or country within a specific period.