Explain price takers in a perfect market
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In perfect market conditions (also called perfect competition) a firm is a price taker because other firms can enter the market easily and produce a product that is indistinguishable from every other firm's product. ... A price taker is a firm that cannot have any say in setting its own prices
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In perfect market conditions ( also call market competition) a firm is a price taker because other firms cannot enter the market easily and produce a product indistinguishable from every other 's firms product ..... ....A price taker is a firm that cannot have any say it's setting in own prices...
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