Multiple Choice
A price taker is a buyer or seller who:
A) cannot affect the market price.
B) takes the market price and chooses to increase or decrease it.
C) takes prices in the area and averages them together to set the price for his/her good.
D) can affect the market price, but only when collaborating with other buyers or sellers.
Correct Answer:
Verified
Correct Answer:
Verified
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