Price-taker firm and a competitive price-searcher firm
Which of the following is a true statement about the difference between a price-taker firm and a competitive price-searcher firm in the long run?
A) Both will sell their products at a price equal to average total cost, but only the price taker will produce at minimum average total cost.
B) Both will sell their products at a price equal to average total cost, but only the competitive price searcher will produce at minimum average total cost.
C) Only the price taker will sell its product at a price equal to average total cost.
D) Only the competitive price searcher will sell its product at a price equal to average total cost.
Do you need a similar assignment written for you from scratch? We have qualified writers to help you.
You can rest assured of an A+ quality paper that is plagiarism free. Order now for a FREE first Assignment!
Use Discount Code "FREE" for a 100% Discount!
NB: We do not resell papers. Upon ordering, we write an original paper exclusively for you.