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InterviewSolution
| 1. |
Why is afirm under prefect competiton a price taker? Explian |
| Answer» Because under perfect competition their are many sellers aalnd many buyers also buyer have perfect knowledge of market so producer can\'t able to change price.<br>A firm under perfect competition is a proce taker because all firms sell homogeneous product n the share if each sellar is negligible in the total sales of the xountry therefore no individual sellar is able to dominate the market price of the product | |