Question

briefly explain why a perfectly competitive film is a price taker in this market.​

Answer 1

Answer:

A perfectly competitive firm is known as a price taker, because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market. If a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors.

Explanation:

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answered by @amatullahtinwala 569

Answer 2

Answer:

a parfectly competitive firm is known as a prize taker because the pressure of competing

Explanation:

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