Question

When the market is price taker?​

Answer 1

Answer:

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Explanation:

A price-taker is an individual or company that must accept prevailing prices in a market, lacking the market share to influence market price on its own. Due to market competition, most producers are also price-takers. Only under conditions of monopoly or monopsony do we find price-making

Answer 2

Answer:

when we sell the goods in market then it is considered to be price taker