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8. Consider the following markets: (i) Wheat (ii) Sport shoes (iii) Smart phones (iv) Electricity In which market(s) sellers/producers are price takers? In which market(s)

8. Consider the following markets: (i) Wheat (ii) Sport shoes (iii) Smart phones (iv) Electricity In which market(s) sellers/producers are price takers? In which market(s) sellers/producers are price setters? Explain why

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