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What is meant by the term ‘price taker’?

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प्रश्न

What is meant by the term ‘price taker’?

What is meant by price-taker?

अति संक्षिप्त उत्तर
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उत्तर

Price taker means that an individual firm has no option but to sell its product at a market-determined price.

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अध्याय 5: Meaning and Types of Markets - QUESTION BANK [पृष्ठ १४०]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
QUESTION BANK | Q 9. (i) | पृष्ठ १४०
गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTION BANK | Q 9. i. | पृष्ठ १५४
फ्रैंक Economics [English] Class 12 ISC
अध्याय 9 Forms of Market
TEST YOURSELF QUESTIONS | Q 9. | पृष्ठ १९४

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