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 ____.
Question: 30-A monopolist is a: a-price taker. b-price set... 30-A monopolist is a: a-price taker. b-price setter. c-cost maximizer. d-quantity taker. 38-In perfectly competitive markets, if the price is _______ , the firm will _______ . a-greater than ATC; make an economic profit. b-less than the minimum AVC; shut down.