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When is a firm called price take? |
Answer» <html><body><p></p>Solution :The <a href="https://interviewquestions.tuteehub.com/tag/firms-989820" style="font-weight:bold;" target="_blank" title="Click to know more about FIRMS">FIRMS</a> is called price taker when it has to <a href="https://interviewquestions.tuteehub.com/tag/adopt-368142" style="font-weight:bold;" target="_blank" title="Click to know more about ADOPT">ADOPT</a> the price determined by <a href="https://interviewquestions.tuteehub.com/tag/market-25464" style="font-weight:bold;" target="_blank" title="Click to know more about MARKET">MARKET</a> <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> nad market supply.</body></html> | |