Are perfectly competitive firms price makers or price takers? How is the profit-maximizing price and quantity decided

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Are perfectly competitive firms “price makers” or “price takers”? How is the profit-maximizing price and quantity decided upon by the perfectly competitive firm?

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Air Transport Economics

ISBN: 9781032482538

4th Edition

Authors: Bijan Vasigh, Brian Pearce

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Question Posted: Feb 02, 2024 02:05 AM

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Are perfectly competitive firms price makers or price takers? How is the profit-maximizing price and quantity decided

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Air Transport Economics

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