This site offers a description of a price taker and the characteristics in this sellers' market structure. The price taker is examined in both the short run and the long run.

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Additional Tags

market structure, perfect competition, price taker, short run supply for price takers, price taker market, short run market supply

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Classroom Considerations

Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
The intended use for this resource is Instructional

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