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Philo Taylor Farnsworth (August 19, 1906 – March 11, 1971) was an American inventor and television pioneer.[2][3] He made many crucial contributions to the early development of all-electronic television.[4] He is best known for his 1927 invention of the first fully functional all-electronic image pickup device (video camera tube), the image dissector, as well as the first fully functional and complete all-electronic television system.[5][6] Farnsworth developed a television system complete with receiver and camera—which he produced commercially through the Farnsworth Television and Radio Corporation from 1938 to 1951, in Fort Wayne, Indiana
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A firm is a price taker BECAUSE other firms can dive into the market with ease and manufacture a product that is not so different from every other firm's product. With this, it will not be easy for any firm to set their own prices.
Explanation: A trade that do not affect the price of a commodity if he or she buys or sells shares is called a PRICE TAKER.
Firms in perfectly competition market are price takers because as soon as the equilibrium price is set for a commodity, firms must accept.
Agriculture is an example of a perfect competition since each farmers have no control on the market price .
Also, financial assets like stocks and bonds is a good example too
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