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When consumers act as price-takers, we say that they behave

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8 years ago

When consumers act as price-takers, we say that they behave

When consumers act as price-takers, we say that they behave
A) irrationally.
B) monopsonistically.
C) competitively.
D) cooperatively.

Textbook

Macroeconomics

Edition: 5^th

Author: Williamson

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Gordis

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Solved A firm selling in a price-takers' market
Solved Which statement below is true?
Solved Both buyers and sellers are price takers in a perfectly competitive market because
Solved Firms in perfect competition are price takers because
Solved Consumers and firms are known as price takers only if
Solved In a competitive equilibrium, we assume that markets are such that
Solved When consumers act as price-takers, we say that they behave
Solved Consumers are "price takers" and accept prices at "face value" or as given.

Ao9 Author

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#2

8 years ago

You're sharp, thanks!

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Gordis

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#3

8 years ago

Please mark it solved once you get a chance.

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