Business
Business, 02.10.2019 02:10, connorwbrown07

Firms in a perfectly competitive market are said to be "price takers"—that is, once the market determines an equilibrium price for the product, firms must accept this price. if you sell a product in a perfectly competitive market, but you are not happy with its price, would you raise the price, even by a cent?

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Firms in a perfectly competitive market are said to be "price takers"—that is, once the market deter...

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