Firms that can choose what price they will charge for their product and can increase the number of units sold by reducing price are called
A) price searchers.
B) price leaders.
C) purely competitive.
D) price takers.

Question

Quizplus · Accepted Answer

Price searchers are firms that have some control over the price they charge and can increase sales by lowering prices, unlike price takers in a purely competitive market.

Firms That Can Choose What Price They Will Charge for Their