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In a perfectly competitive market, the price is determined by the market demand and market supply. If a firm set a price which is lower

In a perfectly competitive market, the price is determined by the market demand and market supply. If a firm set a price which is lower than the market price, it can attract the customers of the whole market and become a monopoly? What hinders a typical firm in a perfectly competitive market from setting a price which is lower than the market price and becoming a monopoly?

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