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Management · Q424

Managerial Economics

Graduate and Post Graduate · Management · question 424

Q424

In perfectly competitive market

A.
Firm is the price giver and the industry the price-taker
B.
Firm is the price-taker and industry the price giver
Answer
C.
Both are the price-takers
D.
None of these

Answer: Option B

Solution

Answer: Option B
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