Download App

Market Equilibrium — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMarket Equilibrium1 Mark
Question
What is a price taker firm?
✓

Answer

A price taker firm is a firm which has no option but to sell at a price determined at the industry level.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Market Equilibrium→Market Equilibrium — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Which one of the following commodities have inelastic demand?
Salt, a particular brand of lipstick, medicine and school uniform.
→
When does ‘shift’ in supply curve take place?
→
Define indifference map.
→
Give two examples of growth of resources.
→
Give equation of Budget Line.
→
A straight line supply curve cuts X-axis in its positive range. What can you say about the elasticity of supply?
→
Define positive economics.
→
What is market supply of a product?
→
Give two examples of fixed costs.
→
Who determines price under perfect competition?
→