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A firm under perfect competition is

This question belongs to Commerce Economics
Economics
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A firm under perfect competition is

Answer & Solution
Correct Answer: Option C
A firm under perfect competition is Price taker. In perfect market conditions (also called perfect competition) a firm is a price taker because other firms can enter the market easily and produce a product that is indistinguishable from every other firm's product. This makes it impossible for any firm to set its own prices.
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