Question 16 : What is meant by a " price taker " ? Question 16 options : a ) A monopsonist consumer can set the market price b ) No consumer or producer can determine the market price c ) Consumers have perfect information d ) Producers have more information than consumerse

Question 16 : What is meant by a " price taker " ? Question 16 options : a ) A monopsonist consumer can set the market price b ) No consumer or producer can determine the market price c ) Consumers have perfect information d ) Producers have more information than consumerse

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter24: Perfect Competition

Section: Chapter Questions

Problem 14E

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