In a perfectly competitive market      A) only producers are price makers. B) all producers and consumers are price takers. C) all producers and consumers are price makers. D) only consumers are price taker.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter22: Perfect Competition
Section22.4: Topics For Analysis In The Theory Of Perfect Competition
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In a perfectly competitive market     

  1. A) only producers are price makers.
  2. B) all producers and consumers are price takers.
  3. C) all producers and consumers are price makers.
  4. D) only consumers are price taker.
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