Which of the Following Statements About a Firm's Market Pricing

question 1

Multiple Choice

Which of the following statements about a firm's market pricing of its product is true?

• A)a competitive firm is a price taker and a monopoly is a price maker
• B)a competitive firm is a price maker and a monopoly is a price taker
• C)both competitive firms and monopolies are price makers
• D)both competitive firms and monopolies are price takers

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Applying great effort, diligence, and persistence in doing something, often leading to achieving a goal or task.

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A branch of science that deals with the institutions and functioning of human society and the interpersonal relationships of individuals as members of society.

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Comma Usage

The set of rules that governs the use of commas to separate elements in sentences, clarifying meaning and indicating pauses.