Examlex
In order to permit scientific study,covert behaviors are
Price Taker
An entity that accepts market prices as given, without having influence to change the price by its own actions.
Buyer
An individual or entity that purchases goods or services for personal use or ownership rather than for reselling or producing other goods and services.
Seller
An individual or entity that offers goods or services for sale to consumers or other businesses.
Competitive Firm
A business operating in a market where it has little to no control over the price of its product, typically because the market has many sellers and buyers.
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