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MICROECONOMICS CH : 12 FORMS OF MARKET: PERFECT COMPETITION — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 12 FORMS OF MARKET: PERFECT COMPETITION1 Mark
Question
What is a price taker firm?
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Answer

A price taker firm means that it has to accept the price as determined by the forces of market demand and market supply.

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