A price taker is a market participant who is able to accept or reject the market price but cannot alter it.

Name: A price taker is a market participant who is able to accept or reject the market price but cannot alter it.
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Question

Quizplus · Accepted Answer

A price taker is a participant in a market who is unable to affect the market price and can only accept the prevailing market price. They must take the market price that is offered to them if they want to participate in the market.

A Price Taker Is a Market Participant Who Is Able