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When it is said that a perfectly competitive firm is a price taker, this means?
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When it is said that a perfectly competitive firm is a price taker, this means?
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Oct 26, 2018
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When it is said that a perfectly competitive firm is a price taker, this means?
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this means the firm must accept the prevailing prices in the market of its products, so that its own transactions being unable to affect the market price .
Graham Swan
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Nov 2, 2018
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