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Answer to Question #71140 in Economics of Enterprise for harry
Question #71140
in perfect competition, an individual firm is
Expert's answer
...a price-taker. According to Investopedia (https://www.investopedia.com/terms/p/pricetaker.asp): '... a price-taker is an individual or company that must accept prevailing prices in a market...'
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Exceptional experts! I appreciate your help. God bless you!
#340153 on Dec 2023
#340153 on Dec 2023
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