Answered

IDNLearn.com is the perfect place to get detailed and accurate answers to your questions. Our platform is designed to provide quick and accurate answers to any questions you may have.

A perfectly competitive firm is a price:

A. searcher
B. taker
C. maker

Sagot :

GinnyAnsweridn

Final answer:

A perfectly competitive firm is labeled as a price taker in response to market dynamics, where accepting the prevailing equilibrium price is crucial due to intense competition.


Explanation:

A perfectly competitive firm is known as a price taker, meaning it accepts the equilibrium price set by the market due to intense competition. If the firm tries to raise its price even slightly, it loses all sales to rivals. In this market structure, individual firms have no control over the price and must adapt to market conditions.


Learn more about Perfect competition and price-taking behavior here:

https://brainly.com/question/42129591


We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thanks for visiting IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more helpful information.