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3 June, 12:27

A perfectly competitive firm is a price taker because

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  1. 3 June, 12:51
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    many other firms produce the same products

    Explanation:

    your explanation is because normally when they all sell the same thing people choose to buy from one firm and it doesn't make sense for every firm to sell the same thing. Also because another firm sells the same thing for a different price people will go with the lower price
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