Quizzes for review
In perfect competition, individual firms are price takers because no single firm can influence the market price.
See correct answer
In perfect competition, individual firms are price takers because no single firm can influence the market price.
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Related words
perfect competition
Noun
uncountable
Japanese Meaning
理論上の市場構造の一形態で、多数の企業が均質な商品やサービスを提供するため、長期的に配分効率や生産効率が達成される状態。
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