price takers: set the market price. charge the prevailing price and cannot affect the market price. control…
price takers: set the market price. charge the prevailing price and cannot affect the market price. control the prices of their own products. produce only agricultural products.
Answer
Brief Explanations:
Price - takers are firms in a perfectly - competitive market. They have no market power and must accept the prevailing market price. They cannot set the market price, control product prices, and are not limited to agricultural products.
Answer:
B. charge the prevailing price and cannot affect the market price.