Business, 05.08.2020 17:01 leo4687

Which of the following is a correct statement? a) Both purely competitive firms and monopolistic firms are "price makers".
b) A purely competitive firm is a "price-taker" and a monopolistic firm is a "price-maker".
c) Both purely competitive and monopolistic firms are "price takers."
d) A purely competitive firm is a "price-maker" and a monopolistic firm is a "price-taker".

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Which of the following is a correct statement? a) Both purely competitive firms and monopolistic fi...

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