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Title: Which of the following statements best reflects a price-taking firm?

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Q:

Which of the following statements best reflects a price-taking firm?

           a.   If the firm were to charge more than the going price, it would sell none of its goods.

           b.   The firm has no incentive to charge less than the going price.

           c.    The firm can sell as much as it wants to sell at the going price.

           d.   All of the above are correct.


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Title: Which of the following statements best reflects a price-taking firm?

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    • Posted Date: Apr 27, 2012 at 9:09:02 PM

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A:
...sp;        a.   If the firm were to charge more than the going price, ...
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