Business, 24.03.2020 20:59 gilberta14

Why is a firm in perfect competition a price taker? A firm in perfect competition is a price taker because . A. it produces a tiny proportion of the total output of a particular good and buyers are well informed about the prices of other firms B. it is easier to take the price as given rather than calculate the profit-maximizing price C. charging a lower price than the market price is considered uncompetitive D. the market price is always the profit-maximizing price

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Why is a firm in perfect competition a price taker? A firm in perfect competition is a price taker b...