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Is it possible for a firm to be both Price taker and price maker?

A firm can either be a price taker or a price maker. It cannot be price maker and price taker at the similar time because when a firm will set its own price in the market for its good. At that time, it will be a price maker not a price taker.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9574924

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