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Business, 28.01.2020 03:31 juanjuann

Price taking behavior for a firm means that:

a. the firm is not legally allowed to set a price.
b. the price in the market is fixed and cannot change.
c. the firm must take the price that any consumer offers.
d. the firm has no individual effect on the market price.

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Answers: 3

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Price taking behavior for a firm means that:

a. the firm is not legally allowed to set...
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