A "Price Taker" Is a Firm That

A "price taker" is a firm that

A) does not have the ability to control the price of the product it sells.
B) does have the ability, although limited, to control the price of the product it sells.
C) can raise the price of the product (above the market price) and still sell some units of its product.
D) sells a differentiated product.
E) none of the above