If a seller is a price taker it means that the seller sells his product at the price
A) he chooses.
B) determined in the market.
C) determined by the biggest firm in the market.
D) determined by the largest consumer in the market.
Correct Answer:
Verified
Q127: Exhibit 22-9 Q129: Exhibit 22-8 Q130: Exhibit 22-9 Q131: Exhibit 22-8 Q133: For a perfectly competitive firm, Q134: Which of the following is inconsistent with Q135: A firm that is a price taker Q136: The profit-maximization rule is as follows: Q136: If a market comes close to meeting Q137: Exhibit 22-8 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)marginal revenue is
A)Produce the
