Which of the Following Is a Reason to Study the Decisions

question 99

Multiple Choice

Which of the following is a reason to study the decisions of price takers?

• A) While there are not many price-taker markets, these few markets dominate the economy.
• B) The decision making of both price searchers and price takers is identical.
• C) The price-taker model enhances our knowledge of competition as a dynamic process.
• D) Price takers are the most common type of business in the real world.

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