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

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Question

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

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. 

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In Which Market Form Can a Firm Not Influence the Price of the Product? Concept: Features of Perfect Competition.
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