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Which of the following is not a characteristic of price takers? They have little or no market power. They operate in highly competitive markets or

Which of the following is not a characteristic of price takers?

They have little or no market power.

They operate in highly competitive markets or markets dominated by large insurers or government payers.

They use target costing as a management strategy.

They focus on utilization and cost structure.

They use full cost pricing.

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