Price takers

0 votes
    are firms that take the market price as given, as they sell such a small proportion of the total market they have no influence on price.
     are consumers that take the market price as given and so receive no consumer surplus.
     are firms that must sell their products at below the market price in order to increase their sales volume.
     Both 1 and 2.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
are firms that take the market price as given, as they sell such a small proportion of the total market they have no influence on price.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

Related questions

0 votes
1 answer 22 views



...