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1 April, 16:44

Buyers and sellers who have no influence on market price are referred to as

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  1. 1 April, 16:48
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    Buyers and sellers who have no influence on market price are referred to as price takers. Price takers (can be a company or a consumer/group of consumer) that must accept the prevailing price. They are not significant enough to influence the price of a good or service. There is insufficient competitive environment to influence supply.
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