Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

A competitive firm Group of answer choices Confronts a downward-sloping firm demand curve. Is large enough relative to the market to be taken into account by competitors. None of the Answers are Correct. Is a price taker. Has the market power to compete effectively.

Sagot :

A competitive firm is a price taker.

A perfectly competitive business must accept the equilibrium price at which it sells its products because it is a price taker. A completely competitive business will not be able to generate any sales if it seeks to charge even a small amount above the going rate.

Small businesses are typically price takers, while monopolies or large, well-established enterprises with copyrighted products are typically price makers. In the stock market, individual investors take prices. further reading.

Learn more about price taker firm here https://brainly.com/question/15416827

#SPJ4

We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.