In a perfectly competitive market Options: A . &nbspFirm is the price giver and industry the price taker B . &nbspFirm is the price taker and industry the price giver C . &nbspBoth are price takers D . &nbspNone of the above

In a perfectly competitive market

Question

In a perfectly competitive market

Options:

A . Firm is the price giver and industry the price taker

B . Firm is the price taker and industry the price giver

C . Both are price takers

D . None of the above

Answer: Option B

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