The term price taker can apply to buyers as well as to sellers. A price-taking buyer is

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The term “price taker” can apply to buyers as well as to sellers.

A price-taking buyer is one who cannot influence price by changing the amount she buys. What goods do you buy for which you are a price taker? What goods do you buy for which you are not a price taker?

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Microeconomics

ISBN: 9780538452861

10th Edition

Authors: Roger A. Arnold

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