Ask Question
3 January, 14:52

A perfectly competitive firm is a price taker because

+2
Answers (1)
  1. 3 January, 15:48
    0
    many other firms produce the same products

    Explanation:

    your explanation is because normally when they all sell the same thing people choose to buy from one firm and it doesn't make sense for every firm to sell the same thing. Also because another firm sells the same thing for a different price people will go with the lower price
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A perfectly competitive firm is a price taker because ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers