Which of the Following Is a True Statement

question 162

Multiple Choice

Which of the following is a true statement?

• A) A price-taker firm can sell additional units of output without having to lower its price, while a price-searcher firm must lower its price in order to sell additional units.
• B) A price-searcher firm can sell additional units of output without having to lower its price, while a price-taker firm must lower its price in order to sell additional units.
• C) Both price searchers and price takers can sell additional units of output without having to lower their price.
• D) Both price searchers and price takers must lower their price in order to sell additional units of output.

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Definitions:

Political/legal Change

Alterations in the political or legal environment that can impact businesses, economies, and societies.

Economic Change

Alterations in the structure or performance of an economy, often driven by factors such as technological advancements, policy changes, or market dynamics.