Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: sgy_89 on May 25, 2017



Title: Purely competitive firms are price takers because
Post by: sgy_89 on May 25, 2017
Purely competitive firms are price takers because
A) they are too small to significantly alter market price through their output decisions.
B) they produce identical products and therefore cannot charge a premium for their product.
C) there are no barriers to entering a purely competitive industry.
D) All of the above.
E) Both A and B are correct.


Title: Re: Purely competitive firms are price takers because
Post by: Vila on May 25, 2017
Content hidden