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Author Question: When economists say that a firm is a "price taker" they mean that (Read 66 times)

caca31

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on: Oct 12, 2022
When economists say that a firm is a "price taker" they mean that
◦ the firm can alter the market price as it changes its rate of production.
◦ the demand curve that the firm faces is perfectly inelastic.
◦ the firm can alter its rate of production and sales without affecting the market price of the product.
◦ at the price prevailing in the market, the firm will be willing to sell an infinite quantity.
◦ the firm initially takes price as given and tries to influence it through advertising.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by caca31 on Oct 12, 2022

queenBea90

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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caca31

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

Dnite

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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