A Price-Taking Firm Can Exert No Control Over Price Because

Multiple Choice

A price-taking firm can exert no control over price because

A) the firm's demand curve is downward sloping.
B) of a lack of substitutes for the product.
C) the firm's individual production is insignificant relative to production in the industry.
D) many other firms produce a product that is nearly identical to its product.
E) both c and d