Business

Debree

3 March, 01:43

Which of the following statements is correct?

a. Both perfectly competitive and monopolistic firms are price takers.

b. Both perfectly competitive and monopolistic firms are price makers.

c. A perfectly competitive firm is a price taker, while a pure monopoly is a price maker.

d. A perfectly competitive firm is a price maker, while a pure monopoly is a price taker.

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