Competitive price-taker markets and purely competitive markets are:

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asked Nov 22, 2022 46.1k views

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Rickcnagy · Answer 1 · 2022-11-28T12:22:50+0000

Answer:

While a competitive market determines the equilibrium point by staying in tune with the supply and demand curves, a perfectly competitive market does not have that luxury. A perfectly competitive market must accept the price point and must only decide how much to sell.

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Competitive price-taker markets and purely competitive markets are:

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