competitive market

PRICE TAKERS 

Businesses that operate in a perfectly competitive market are considered “price takers” because all market participants, those buying or selling, have no effect on the market price of a good. They have no ability to charge an amount above the market price. If they decide to, they will sell nothing, and lose their customers to all their competitors. The products are the same with no difference in them so the consumer will purchase the good at the cheapest cost possible.

Water, wheat, rice and corn are good examples.

p(1)

Place your order now to enjoy great discounts on this or a similar topic.

People choose us because we provide:

Essays written from scratch, 100% original,

Delivery within deadlines,

Competitive prices and excellent quality,

24/7 customer support,

Priority on their privacy,

Unlimited free revisions upon request, and

Plagiarism free work,

 

Order Similar Assignment Now!

  • Our Support Staff are online 24/7
  • Our Writers are available 24/7
  • Most Urgent order is delivered within 4 Hrs
  • 100% Original Assignment Plagiarism report can be sent to you upon request.

GET 15 % DISCOUNT TODAY use the discount code PAPER15 at the order form.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: