A Price Taker __________ and a Price Setter __________

question 120

Multiple Choice

A price taker __________ and a price setter __________.

• A) equates price to marginal revenue;equates price to marginal cost
• B) seeks to maximize revenue;seeks to maximize profit
• C) never earns a profit;always earns a profit
• D) must accept the market price;may charge any price he wants
• E) equates price to marginal revenue;finds that price is greater than marginal revenue

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