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AleksandrR [38]
2 years ago
9

The term _______________ refers to a firm operating in a perfectly competitive market that must take the prevailing market price

for its product. price setter business entity price taker trend setter
Business
1 answer:
hoa [83]2 years ago
6 0

The term <u>price taker</u> refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. Read below about a perfectly competitive market.

<h3>What is a perfectly competitive market?</h3>

In economics, a perfect market is also known as an atomistic market. A effect competition is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition.

Therefore, in such a market the price taker must take the prevailing market price its product.

learn more about price taker: brainly.com/question/15416827

#SPJ1

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sale of a new share of stock to an individual investor

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The sale of a new share of stock in the question is an example of a primary market transaction.

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The Sisyphean Company's common stock is currently trading for $25.00 per share. The stock is expected to pay a $2.50 dividend at
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