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Elena-2011 [213]
3 years ago
12

Both buyers and sellers are price takers in a perfectly competitive market because

Business
1 answer:
Paladinen [302]3 years ago
7 0

Answer:

The price is determined by government intervention and dictated to buyers anti sellers each buyer and teller knows it it illegal to conspire to affect price.

Explanation:

A perfectly competitive firm is a price taker, which implies that it must acknowledge the equilibrium price at which it sells products. In the event that a perfectly competitive firm attempts to charge even a modest sum more than the market price, it will be not able make any sales.

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Labor unions can use the power of collective bargaining and strikes to make management listen. Instead of using the power of one, easily replaced worker, the union uses the power of all workers for leverage.

Explanation:

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Specific statements detailing what the organization intends to accomplish over a short period of time are call
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To be effective issuing and investing in bonds, knowledge of their terminology, characteristics, and features is essential. For
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Answer: See explanation

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