If a seller is a price taker, they will be able to sell all the quantity they want at the market price.

Question

Quizplus · Accepted Answer

A price taker is a seller who has no market power and must accept the prevailing market price in order to sell its goods or services. Since they cannot influence the market price, they must sell their quantity at the market price. Therefore, they will be able to sell all the quantity they want at the market price.

If a Seller Is a Price Taker, They Will Be