Economy, asked by paultapak7633, 9 months ago

In perfect competition firm is the :
(a) Price maker and not price taker
(b) Price taker and not price maker
(c) Neither price maker nor price taker
(d) None of the above

Answers

Answered by suryanshu47
4

Answer: Option A

Explanation:

Perfect competition occurs when there are many sellers, there is easy entry and exiting of firms, products are identical from one seller to another, and sellers are price takers.

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