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QUESTION
a firm characterized as a price taker a. has control over the price it pays , or receives , in the market b. has no control over the price it pays,...
- a firm characterized as a price taker
a. has control over the price it pays , or receives , in the market
b. has no control over the price it pays, or receives, in the market
c. is not characteristic of perfectly competitive market
d. sets the price for the market
e. takes the price that is determined from the lowest price consumers are wiling to pay for an item.
