Which of the following statements is not accurate?
A) A milk producing company does not control the market price and as a result is a price-taker.
B) A custom-made furniture manufacturer has some control over the market price and as a
Result is a price-setter.
C) A company with a unique product tends to be a price-setter rather than a price-taker.
D) Most business managers would prefer to be a price-taker rather than a price-setter.
Correct Answer:
Verified
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