InterviewSolution
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InterviewSolution
| 1. |
imperfect competition is price taker and industry is price maker ? why ? |
| Answer» In perfect competition firm is price taker and industry is price maker because a single saler and buyer are not in a position to influence prices (because there share in market is very small ) so they have to accept the pices determine by demand and supply forces . In your question it will be perfect comp. in place of imperfect comp. | |