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Under Which Market Form is a Firm a Price Taker? - Economics

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Question

Under which market form is a firm a price taker? 

 

 
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Solution

Under the perfect competition form of a market, the firm is a price taker.

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Q 3
2012-2013 (March) All India Set 1

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2012-2013 (March) All India Set 1 (with solutions)
Q 3 | 1 mark
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