Perfectly Competitive Firms Are Price Takers For All Of The Following Reasons Except That

(Correct Answer Below)

Perfectly Competitive Firms Are Price Takers For All Of The Following Reasons Except That

each firm is quite small relative to the total market supply. buyers and sellers have all the necessary information about prices, etc. the product is homogeneous. barriers to exit force firms to sell at the market price.
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++barriers to exit force firms to sell at the market price.

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