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  3. Study Set
    Microeconomics Study Set 51
  4. Exam
    Exam 13: Factor Markets: With Emphasis on the Labor Market
  5. Question
    A Factor Price Taker Is a Firm That
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A Factor Price Taker Is a Firm That

Question 3

Question 3

Multiple Choice

A factor price taker is a firm that


A) can sell as many units of its good as it wants without affecting price.
B) sells fewer units of its good at higher prices than lower prices.
C) can buy all of a factor it wants at the equilibrium price.
D) drives up factor price if it buys an additional factor unit.

Correct Answer:

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