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Which Statement Does NOT Reflect a Price-Taking Firm

Question 3

Multiple Choice
Which statement does NOT reflect a price-taking firm

Which statement does NOT reflect a price-taking firm


A) If the firm were to charge more than the going price, it would sell none of its goods.
B) The firm has no incentive to charge less than the going price.
C) The firm can sell as much as it wants to sell at the going price.
D) Consumers have a major impact on price, not firms.

Correct Answer:

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