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attashe74 [19]
3 years ago
11

Which of the following statements is correct brainly.

SAT
1 answer:
MissTica3 years ago
8 0

Answer:

where is the statement

Explanation:

so we can answer

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If a perfectly competitive firm is a price taker, then
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If a perfectly competitive business firm is a price taker, then: A. pressure from competing firms will force acceptance of the prevailing market price.

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

A perfectly competitive market can be defined as a type of market that is typically characterized by many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

<h3>What is a price taker?</h3>

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In this context, we can infer and logically deduce that pressure from other competing business firms would force acceptance of the prevailing market price when a perfectly competitive business firm is a price taker.

Read more on price here: brainly.com/question/11898489

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Complete Question:

If a perfectly competitive firm is a price taker, then

A. pressure from competing firms will force acceptance of the prevailing market price.

B. it must be a relatively small player compared to its competitors in the overall market.

C. it can increase or decrease its output without affecting overall quantity supplied in the market.

D. quality differences will be very perceptible and will play a major role in purchasers' decisions.

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2 years ago
Compared with a career, a job:
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