When a Firm Is Considered to Be a "Price Taker

Multiple Choice

When a firm is considered to be a "price taker" that means that the firm

A) can charge any price that it wants to charge, that is, "take" any price it wants.
B) pays a fixed price for all of its inputs.
C) will accept ("take") the lowest price that its customers offer.
D) cannot influence the market price of the good that it sells.