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4 years ago

Price taking behavior for a firm means that:

Business

1 answer:

erma4kov [3.2K]4 years ago

5 0

Answer:

d. the firm has no individual effect on the market price.

Explanation:

Price taker -

It refers to the company or an individual who need to get the prevailing price of the market and have lesser market share , is referred to as price taker .

The price taker does not have the capability to alter the market price , because it does not have enough power to do the same .

A price taker can be any one in the economy , and can freely take entry and exit .

Hence, from the given information of the question,

The correct option is d.

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1 year ago

Last month Peggy Company had a $42,028 profit on sales of $331,200. Fixed costs are $83,828 a month. What sales revenue is neede

valina [46]

Answer:

Break-even Sales revenue =$220,600

Explanation:

Breakeven point is the level of activity that equates the total cost to the total revenue.

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