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Why is afirm under prefect competiton …

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Why is afirm under prefect competiton a price taker? Explian

Posted by Darshan Singh 5 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Ranjeet Kumar 5 years, 8 months ago

Because under perfect competition their are many sellers aalnd many buyers also buyer have perfect knowledge of market so producer can't able to change price.

Saloni Jain 5 years, 8 months ago

A firm under perfect competition is a proce taker because all firms sell homogeneous product n the share if each sellar is negligible in the total sales of the xountry therefore no individual sellar is able to dominate the market price of the product

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