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In a competitive market, which of the following characteristics is most-typically associated with a firm's strategy for determining the price of its products and/or services?

In a competitive market, which of the following characteristics is most-typically associated with a firm's strategy for determining the price of its products and/or services? Question 7Answer a. price-setting b. price-taking c. both price-setting and price-taking d. taking a wild guess and hoping you are halfway correct e. none of the above

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