A firm characterized as a price-taker:
a. has control over the price it pays, or receives, in the market.
b. is not a characteristic of a perfectly competitive market.
c. sets the price for the market.
d. takes the price that is determined from the lowest price consumers are willing to pay for an item.
e. has no control over the price it pays, or receives, in the market.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A firm characterized as a price-taker: a. has control over the price it pays, or receives, in the market. b. is not a characteristic of a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following wills leaves everything to your spouse? Exemption trust will Traditional marital share will Simple will Stated dollar amount will
Answers (2)
Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1 and January 1. Dion Company uses the straight-line method of amortization for bond premium or discount.
Answers (1)
Selective listening refers toGroup of answer choicesa form of defensive listening. listening only long enough to get a word in edgewise. letting one's mind wander until something personally relevant is said.
Answers (1)
What is the primary disadvantage of outdoor advertising? it provides low flexibility it permits low repeat exposure it provides poor positional selectivity it provides little audience selectivity?
Answers (1)
Which of the following statements is correct? A. The demand for flat-screen computer monitors is more elastic than the demand for monitors in general. B. The demand for grandfather clocks is more elastic than the demand for clocks in general. C.
Answers (1)
New Questions in Business
Thom owes $8,600 on his credit card. The credit card carries an APR of 19.1 percent compounded monthly.
Answers (1)
Dana was a stay-at-home mother until her recent divorce. she went back into the paid workforce to provide for her child. she loves her job but is concerned that she is not at home to spend more time with her child. should dana be worried about this?
Answers (1)
Explain how each of the following relates to the financial crisis of 2007-2008: Declines in real-estate values. Subprime mortgage loans. Mortgage-backed securities.
Answers (1)
Which assumption or principle requires that all information significant enough to affect decisions of reasonably informed users should be reported in the financial statements? Going concern. Historical cost. Full disclosure. Matching.
Answers (1)
It is evident that the nation is experiencing a recessionary gap when potential output is less than aggregate output. potential output is decreasing at a rate greater than aggregate output is increasing potential output is decreasing.
Answers (1)