ose sells cotton in a perfectly competitive market and maximizes his profit. Which of the following cannot be true? Jose faces a downward sloping demand. Jose's producer surplus is maximum. Jose's profit is positive in the short run.

Jose faces a downward sloping demand.

Explanation:

The Demand Curve in a Competitive Market is horizontal not downward sloping to represent that the firms in such a market are price takers as the demand is also equal to the price.

The horizontal nature of the demand shows that demand in such a market is perfectly elastic so if a person deviates from the market price, the quantity demanded from them changes infinitely and consumers will buy from other sellers instead.

Jose therefore cannot be facing a downward sloping demand curve in this market.

answerindividual preferences are not revealed in the market for the good;

answercold,maybe nuclear war;