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n a perfectly competitive market, every firm is a price taker.Why are they called price-takers? What makes them price-takers? What happens to the firm who

n a perfectly competitive market, every firm is a "price taker".Why are they called price-takers? What makes them price-takers? What happens to the firm who decides to sell its product just slightly above the market price, or just slightly below the market price? Explain with economics please.

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