Multiple Choice
The main difference between a firm that is a price searcher and a firm that is a price taker is that a
A) price searcher produces products that are identical to its competitors' products.
B) price taker can decide what price to charge for its product.
C) price searcher cannot decide what price to charge for its product.
D) price searcher will still be able to sell some of its product if it increases its price.
Correct Answer:
Verified
Correct Answer:
Verified
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