The firm in a market with perfect competition is a price
A) maker because of the ease of entry and exit in the market.
B) maker because of the ability to hold information from the market.
C) taker because products are identical and cannot be distinguished one from another, information is complete, and because there are so many sellers in the market none can influence price.
D) taker because of the lack of buyers in the market.
Correct Answer:
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