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4 A price-taking firm can exert no control over price becauseMultiple Choice26:47the firm's demand curve...

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Economics

4 A price-taking firm can exert no control over price becauseMultiple Choice

26:47

the firm's demand curve is downward sloping. of a lack ofsubstitutes for the product. the firm's individual production isinsignificant relative to total production in the industry. noother firms make a product that is nearly identical to itsproduct.

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