A perfectly competitive firm has to charge the same price as every other firm in the market. Therefore, the firm is a price taker
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A perfectly competitive firm has to charge the same price as every other firm in the market. Therefore, the firm
A) is a price taker
B) is not able to make a profit in the short run
C) faces a perfectly inelastic demand curve
D) faces a perfectly elastic supply curve
Core paper. A company is a commercial enterprise, usually set up as a partnership, that provides professional services such as legal and accounting services. The corporate theory assumes that companies exist to maximize profits.
To describe a person as steadfast means that he acts in a way that does not change his mind, or that he is in control. She had to be firm with him. "I don't want to see you anymore"
A company is a business organization that seeks to profit from the sale of goods or services. The term company is synonymous with business or society. A business can operate in a variety of structures, such as a sole proprietorship or a legal entity.
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