Price taking behavior for a firm means that:

a. the firm is not legally allowed to set a price.

b. the price in the market is fixed and cannot change.

c. the firm must take the price that any consumer offers.

d. the firm has no individual effect on the market price.

d. the firm has no individual effect on the market price.

Explanation:

Price taker -

It refers to the company or an individual who need to get the prevailing price of the market and have lesser market share, is referred to as price taker.

The price taker does not have the capability to alter the market price, because it does not have enough power to do the same.

A price taker can be any one in the economy, and can freely take entry and exit.

Hence, from the given information of the question,

The correct option is d.