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    Macroeconomics Study Set 67
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    Exam 4: Consumer and Firm Behavior: the Workleisure Decision and Profit Maximization
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    When Consumers Act as Price-Takers, We Say That They Behave
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When Consumers Act as Price-Takers, We Say That They Behave

Question 40

Question 40

Multiple Choice

When consumers act as price-takers, we say that they behave


A) irrationally.
B) competitively.
C) rationally.
D) monopolistically.
E) cooperatively.

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