A Price Taker __________ and a Price Setter __________

Multiple Choice

A price taker __________ and a price setter __________.

A) equates price to marginal revenue;equates price to marginal cost
B) seeks to maximize revenue;seeks to maximize profit
C) never earns a profit;always earns a profit
D) must accept the market price;may charge any price he wants
E) equates price to marginal revenue;finds that price is greater than marginal revenue