The Main Difference Between a Firm That Is a Price

question 169

Multiple Choice

The main difference between a firm that is a price searcher and a firm that is a price taker is that a

• A) price searcher produces products that are identical to its competitors' products.
• B) price taker can decide what price to charge for its product.
• C) price searcher cannot decide what price to charge for its product.
• D) price searcher will still be able to sell some of its product if it increases its price.

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Definitions:

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