Price takers have no influence over market prices because there area.Both A and B are correct.b.numerous buyers.c.numerous sellers.d.distinctive products.
Question
Solution 1
The correct answer is a. Both A and B are correct.
Price takers are individuals or companies who must accept the prevailing prices in the market because the volume of goods they buy or sell is too small to affect the market price. They have no influence over market prices because there are numerou Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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