Advertisement Remove all ads

In Which Market Form Can a Firm Not Influence the Price of the Product? - Economics

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads

In which market form can a firm not influence the price of the product? 

Advertisement Remove all ads

Solution

Under perfect competition, no individual firm can influence the price of the product. That is why, all individual firms under perfect competition are regarded as price taker. 

Concept: Features of Perfect Competition
  Is there an error in this question or solution?
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×