Though killer whales, also called orcas, are considered whales by most people, they are actually members of the Delphinidae (dolphin) family. Killer whales are excellent hunters that a wide range of prey, including fish, seals, and big whales such as blue whales.
firm price. Definition. Price which is not negotiable. Use firm price in a sentence. â The offer was made, it was a firm price, so the investor had the opportunity to take or leave it.
Under perfect competition, a firm is a price taker of its good since none of the firms can individually influence the price of the good to be purchased or sold. As the objective of each perfectly competitive firm, they choose each of their output levels to maximize their profits.