In a Competitive Equilibrium,we Assume That Markets Are Such That

question 39

Multiple Choice

In a competitive equilibrium,we assume that markets are such that

• A) consumers are price takers while firms set prices.
• B) firms are price takers while consumers set prices.
• C) both consumers and firms are price takers.
• D) firms behave strategically in setting their prices.
• E) consumers behave strategically in setting their prices.