In a competitive equilibrium, we assume that markets are such that
A) consumers are price takers while firms set prices.
B) firms are price takers while consumers set prices.
C) both consumers and firms are price takers.
D) firms behave strategically in setting their prices.
E) consumers behave strategically in setting their prices.

Question

Quizplus · Accepted Answer

The Answer is C

In a Competitive Equilibrium, We Assume That Markets Are Such