JAMB Exam > JAMB Questions > In a perfectly competitive market, each firm ...
Start Learning for Free
In a perfectly competitive market, each firm is a price _____.
- a)Maker
- b)Taker
- c)Setter
- d)Influencer
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
In a perfectly competitive market, each firm is a price _____.a)Makerb...
In a perfectly competitive market, each firm is a price taker. This means that firms have no influence over the market price and must accept the price determined by the overall market conditions. Individual firms have no market power to set or influence the price and must adjust their production and pricing decisions based on the prevailing market price.
|
Explore Courses for JAMB exam
|
|
Similar JAMB Doubts
Top Courses for JAMBView all
In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer?
Question Description
In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer?.
In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer?.
Solutions for In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for JAMB.
Download more important topics, notes, lectures and mock test series for JAMB Exam by signing up for free.
Here you can find the meaning of In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice In a perfectly competitive market, each firm is a price _____.a)Makerb)Takerc)Setterd)InfluencerCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice JAMB tests.
|
|
Explore Courses for JAMB exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup