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sgy_89 sgy_89
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6 years ago
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.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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VilaVila
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sgy_89 Author
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6 years ago
Good timing, thanks!
carston
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Yesterday
this is exactly what I needed
Helpmeplease11
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2 hours ago
Thanks for your help!!
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