A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods.
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Unknown titlerkets Next tutorial Monopoly Microeconomics|Forms of competition|Perfect competition Perfect competition and why it matters Read about the economic ideal of perfect competition. [imagelink]Share to Google ClassroomShareTweetEmail Key points <span>A perfectly competitive firm is a price taker , which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales. Perfect competition occurs when there are many se Summary
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