*$_Price-taking firms i.e., firms that operate in a perfectly competitive market, are said to be 'small' relative to the market. Which of the following best describes this smallness??

• A. The individual firm must have fewer than 10 employees
• B. The individual firm faces a downward-sloping demand curve
• C. The individual firm has assets less than Rs. 20 lakhs
• D. The individual firm is unable to affect market price through its output decisions