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8.1 Perfect competition and why it matters  (Page 11/11)

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  • Card 11 / 11:
    price taker

    a firm in a perfectly competitive market that must take the prevailing market price as given

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Practice FlashCards 7 Key Terms 3

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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