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11 Dec 2019
A firm in perfect competition is a price taker because _______.
A) charging a lower price than the market price is considered uncompetitive.
B) the market price is always the profit-maximizing price.
C) it is easier to take the price as given rather than calculate the profit-maximizing price.
d) it produces a tiny proportion of the total output of a particular good and buyers are well informed about the prices of other firms.
A firm in perfect competition is a price taker because _______.
A) charging a lower price than the market price is considered uncompetitive.
B) the market price is always the profit-maximizing price.
C) it is easier to take the price as given rather than calculate the profit-maximizing price.
d) it produces a tiny proportion of the total output of a particular good and buyers are well informed about the prices of other firms.
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Bunny GreenfelderLv2
28 Feb 2020
Solvit Regular
30 Jul 2020
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