Under perfect competition what would happen to a firm that sets its price slightly above market price?

c.  lose all of its customers.

Explanation:

The perfect competition is the market in which there is a many buyers and sellers selling similar products. Also the firm in this competition is a price taker as no firm has the power to control the price due to the reduction in the price that same followed by the other firms because of the similar nature of the goods.

Now in the case when the firm wants to set the price i.e. above the market price so the firm lose all of its customers as the other firms sells homogeneous products

Therefore the correct option is c.

i would say d tho   ctfvygbuhinjmlk

answer; ( action training environment;