Why is a monopoly a price maker, but a perfectly competitive firm a price taker?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 17, 2023 05:25 AM

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Why is a monopoly a price maker, but a perfectly competitive firm a price taker?

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A perfectly competitive firm is a price taker because it cannot appreciab...View the full answer

Exploring Economics

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