A factor price taker is a firm that
A) can sell as many units of its good as it wants without affecting price.
B) sells fewer units of its good at higher prices than lower prices.
C) can buy all of a factor it wants at the equilibrium price.
D) drives up factor price if it buys an additional factor unit.
E) none of the above
Correct Answer:
Verified
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Q88: Exhibit 26-4 Q89: Marginal productivity theory implies that a worker Q91: Exhibit 26-3 Q92: A price searcher (monopolist, monopolistic competitor, etc.) Q93: The additional revenue generated by a firm Q94: A factor price taker faces Q95: Exhibit 26-3 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)a perfectly elastic
