Which of the following is most likely to be a price taker?
A) a respected heart surgeon
B) an ice cream shop owner located in Atlanta, Georgia
C) a beachside tourist resort
D) a Kansas wheat farmer
Correct Answer:
Verified
Q47: Exhibit 12-1 Q48: If a profit-maximizing firm finds that price Q49: In the short run,if a firm's price Q50: The horizontal demand curve facing an individual Q51: In a perfectly competitive industry,influence over price Q53: Farmer Brady sells wheat in a market Q54: When the marginal cost of a price-taking Q55: "I'm losing money,but since my fixed costs Q56: Exhibit 12-1 Q57: A price-taking firm will tend to expand![]()
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