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Which of the following statements is correct? a.Both perfectly competitive and monopolistic firms are price takers. b.Both perfectly competitive and monopolistic firms are price makers. c.A perfectly competitive
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Which of the following statements is correct?

a.Both perfectly competitive and monopolistic firms are price takers.
b.Both perfectly competitive and monopolistic firms are price makers.
c.A perfectly competitive firm is a price taker, while a pure monopoly is a price maker.
d.A perfectly competitive firm is a price maker, while a pure monopoly is a price taker.

User Abner
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1 Answer

3 votes

A

seems logical enough hm?

User Miyuru Sagarage
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