Question
Aperfectly competitive firm is called a price taker , because the pressure of competing firms forces them to accept the prevailing equilibrium price in the
Aperfectly competitive firm is called aprice taker, because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market.
Can a firm survive if they never get perfect competition while in business? Explain.
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Environmental Economics and Management Theory, Policy and Applications
Authors: Scott J. Callan, Janet M. Thomas
6th edition
1111826673, 1111826676, 1439080634, 1439080631, 9781285528540 , 978-1111826673
