Firms That Exhibit Price-Taking Behavior

question 58

Multiple Choice

Firms that exhibit price-taking behavior

• A) wait for other firms to set price, take it as given, and charge a higher price.
• B) have outputs that are too small to influence market price and thus take it as given.
• C) take pricing behavior in their own hands.
• D) are independently capable of setting price.

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Definitions:

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Liberal Feminism

A branch of feminism that focuses on achieving gender equality through political and legal reform within the existing society.

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