69. Which of the following is not acharacteristic of a 'price taker'?A. O TR = Px QB. O AR = PriceC. O Negatively sloped demandD. O Marginal Revenue = Price

To find : Which is not characteristics of price taker.

Answered: 9. Which of the following is not a…

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9. Which of the following is not a characteristic of a 'price taker'? TR = P Y O

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 1.7CE

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Question

69. Which of the following is not a
characteristic of a 'price taker'?
A. O TR = Px Q
B. O AR = Price
C. O Negatively sloped demand
D. O Marginal Revenue = Price

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