Which of the following characteristics of competitive markets is necessary for firms to be price takers?
A) (i) and (ii) only
B) (i) and (iii) only
C) (ii) only
D) (i) , (ii) , and (iii)
Correct Answer:
Verified
Q40: A competitive firm would benefit from charging
Q443: Which of the following industries is most
Q450: Free entry means that
A)the government pays any
Q468: Which of the following industries is least
Q469: When firms are said to be price
Q471: Why does a firm in a competitive
Q472: Land of Many Lakes (LML) sells butter
Q476: In a competitive market, no single producer
Q477: Land of Many Lakes (LML) sells butter
Q480: Land of Many Lakes (LML) sells butter
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