Firms in a perfectly competitive market are said to be


Question: Firms in a perfectly competitive market are said to be "price takers"-that is, once the market determines an equilibrium price for the product, firms must accept this price. If you sell a product in a perfectly competitive market, but you are not happy with its price, would you raise the price, even by a cent?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Firms in a perfectly competitive market are said to be
Reference No:- TGS02913658

Expected delivery within 24 Hours