Explain why in a perfectly competitive market, the firm is a price taker. Why cant the firm

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Explain why in a perfectly competitive market, the firm is a price taker. Why can’t the firm choose the price at which it sells its good?

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Jan 02, 2023 08:14 AM

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Explain why in a perfectly competitive market, the firm is a price taker. Why cant the firm

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The firm cannot choose its price because it produces only a smal...View the full answer

Foundations Of Economics

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