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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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पाठ 5: Nature and Structure of Markets - QUESTION BANK [पृष्ठ १४०]

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