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Card 1 of 25

In perfect competition, each firm is a [     ]: it accepts the market price.

A

price taker

B

market regulator

C

price leader

D

price maker

Card 1 of 25

Perfect competition Flashcards

  1. A Level
  2. /Economics
  3. /Perfect competition

25 flashcards on Eduqas A Level Economics Perfect competition: the key terms, economic models and case studies you need to recall for Component 1, Component 2 and Component 3.

Flashcards