If a California avocado stand operates in a perfectly competitive market,that stand's owner will be a price:

Question

Quizplus · Accepted Answer

In a perfectly competitive market, no seller has control over the market price. They have to accept the prevailing market price as given and cannot influence it. Hence, the avocado stand owner in a perfectly competitive market is a price taker, not a price maker or discriminator or maximizer.

If a California Avocado Stand Operates in a Perfectly Competitive