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7 May, 12:08

Being a price taker essentially means

A. a firm cannot influence the market price.

B. the firm cannot legally set its price below the market price.

C. a firm can influence the market price.

D. the firm cannot legally set its price above the market price.

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Answers (1)
  1. 7 May, 13:46
    0
    A. a firm cannot influence the market price.

    Explanation:

    The price taker is the price which is taken by the company i. e means applying the market price for selling the company products and services

    They cannot change the price according to their wish as it is fixed by the market and the same is to be applied while selling the goods to the customers

    Hence, the first option is correct
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Home » Business » Being a price taker essentially means A. a firm cannot influence the market price. B. the firm cannot legally set its price below the market price. C. a firm can influence the market price. D.
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