One prolonged blast from the horn of a vessel serves as a warning to other ships that an unseen vessel is in the water. Any vessels within earshot of the prolonged horn blast should reply with a prolonged blast of their own.
A firm is likely to be a price taker whenâ¦.. it sells a product that is exactly the same as every other firm. It represents a small fraction of the total market. Consumers are usually price takers when they buy most goods and services because ____, while relatively few firms are price takers because ____.
Costs are the expenses of a firm. Price is the amount customers are charged for items. Firms think very carefully about the price to charge for their products. There are a number of factors to take into account when reaching a pricing decision: 1  Customers.