Notsosmartyy5394 Notsosmartyy5394

14-03-2024
Business

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What does it mean for an agent to be price-taking?
A. They treat prices as given, meaning they act as if their actions have no effect on the price level.
B. They have complete control over prices.
C. They choose between multiple prices and pick their favorite.
D. It doesn't mean anything at all.

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