acidtony9300 acidtony9300

05-11-2019
Business

contestada

A firm characterized as a price taker Question 1 options: has control over the price it pays, or receives, in the market. sets the price for the market. has no control over the price it pays, or receives, in the market. is not a characteristic of a perfectly competitive market. takes the price that is determined from the lowest price consumers are willing to pay for an item.

Respuesta :

NickMagnus NickMagnus

05-11-2019

Answer:

A firm characterized as a price taker takes the price that is determined from the lowest price consumers are willing to pay for an item.

Explanation:

A price taker is a perfectly competitive firm because it can compete with the price that is determined from the lowest price consumers are willing to pay. The competing firms force the price taker to accept the equilibrium price in the market.

Answer Link

Otras preguntas

The most likely place for the basic building blocks for the development of life to interact and produce life is in Earth's ________. A) meteoritesB) oceansC) at

Read the paragraph. [1] Alejandro’s guidance counselor is helping him plan his schedule for next year. [2] She suggests that he take AP Chemistry and AP French

Options to open,save, and print a document are found on which tab?

3p-2 greater than or equal to 1. What is the least possible value of 3p+2

a recipe calls for 2 3/4 cups of flour and 3 1/2 cups of pecans. What is the total amount of ingredients used

For what value(s) of x does f(x)>0 ? Type compound inequalities and use commas to separate answers as needed.

Two adjoining plane mirrors are separated by an angle of 100°. Light is incident on the first mirror at an angle of 70°. The light reflects toward the second mi

How about USAMS?What USAMS is it?

What is the pH of a 0.0288 M solution of ammonia (Kb 1.8 x 10-5)?

Remembering MR. SOPA helps your team correct problems with ventilation. Which of the following steps are included in MR. SOPA?

Q&A Education