Perfectly competitive firms are price takers. However, in the real world, it is rare that the customer goes into any business establishment and tells the seller what price he is willing to pay. Since buyers don't dictate price, where does price come from in perfectly competitive markets?

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The Answer of Perfectly competitive firms are price takers. However, in the real world, it is rare that the customer goes into any business establishment and tells the seller what price he is willing to pay. Since buyers don't dictate price, where does price come from in perfectly competitive markets?

Perfectly Competitive Firms Are Price Takers