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311

Q:

Who is a price taker in perfect competition?

  • 1
    Industry
  • 2
    Government
  • 3
    Firm
  • 4
    Buyer
  • Show Answer
  • Workspace

Answer : 3. "Firm"
Explanation :

Perfect competition occurs when there are many sellers, there is easy entry and exiting of firms, products are identical from one seller to another, and sellers are price takers.

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