A competitive firm Group of answer choices Confronts a downward-sloping firm demand curve. Is large enough relative to the market to be taken into account by competitors. None of the Answers are Correct. Is a price taker. Has the market power to compete effectively.

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05-07-2022
Business

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A competitive firm Group of answer choices Confronts a downward-sloping firm demand curve. Is large enough relative to the market to be taken into account by competitors. None of the Answers are Correct. Is a price taker. Has the market power to compete effectively.

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Sharmaaashutosh169idn Sharmaaashutosh169idn · Answer 1 · 2022-07-18T03:59:58-04:00

A competitive firm is a price taker.

A perfectly competitive business must accept the equilibrium price at which it sells its products because it is a price taker. A completely competitive business will not be able to generate any sales if it seeks to charge even a small amount above the going rate.

Small businesses are typically price takers, while monopolies or large, well-established enterprises with copyrighted products are typically price makers. In the stock market, individual investors take prices. further reading.

Learn more about price taker firm here https://brainly.com/question/15416827

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