answer quickly 12) A price-taking firmA) cannot influence the price of the product it sells.B) talks to rival firms to determine the best price for all of them to charge.C) sets the product's price to whatever level the owner decides upon.D) asks the government to set the price of its product.

# In a market there can be two possibilities when we talk about firms. Either they can be price…

Answered: 12) A price-taking firm A) cannot…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter3: Your Role As A Consumer

Section: Chapter Questions

Problem 5AA

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12) A price-taking firm A) cannot influence the price of the product it sells. B) talks to rival firms to determine the best price for all of them to charge. C) sets the product's price to whatever level the owner decides upon. D) asks the government to set the price of its product.