Perfectly competitive firms are price takers for all of the following reasons except that

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Barriers to exit are not a reason why perfectly competitive firms are price takers. In a perfectly competitive market, firms are price takers because of factors like the small size of each firm relative to the market, the availability of information, and the homogeneity of the product. Barriers to exit would affect a firm's decision to leave the market, not its ability to set prices.

Perfectly Competitive Firms Are Price Takers for All of the Following