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When a Firm Is a "Price Taker," the Firm

Question 35

Multiple Choice

When a firm is a "price taker," the firm


A) can charge any price that it wants to charge,that is,"take" any price it chooses.
B) pays a fixed price for all of its fixed inputs.
C) will accept ("take") the lowest price that its customers offer.
D) pays a fixed price for all of its variable inputs.
E) cannot influence the market price of the good that it sells.

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