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An independent entity that has little influence on its market is often referred to as a "price taker." This term is commonly used in economics to describe firms or individuals operating in perfectly competitive markets, where they accept the market price as given due to their small size relative to the overall market. Consequently, their production decisions do not significantly affect market prices. Examples include individual farmers in agricultural markets or small businesses in highly competitive industries.
What else can I help you with?
When a firm has little ability to influence market prices it is said to be in what kind of a market?
Imperfect monopoly
Are market pawns people who have no influence on market prices?
Price Takers have no influence on market.
Is managerial coordination in a business firm independent of market forces?
No, it is not.
Who has the most influence in a free market?
suppliers.
Does a perfect competitive market have an influence over price?
In perfect copmetative marker there is no influence of price...
When a firm has little ability to influence market prices it is said to be in what kind of a market?
Imperfect monopoly
Are market pawns people who have no influence on market prices?
Price Takers have no influence on market.
Advertising is best defined as a mean of attempting to influence the opinions and behaviors of others or is it a mean of social control or is it a platform for expressing opinions?
maching a product with its market
What is the definition of 'bull market' in investing?
The "bull market" is generally defined as a market that is going up. It's opposite, a "bear market", is defined as a market that is going in the opposite direction, i.e. down.
A market town?
A market town is defined as a town where a market operates at least weekly
Market research and advertising are an invasion of privacy and independent thinking.?
Market research and advertising are an invasion of privacy and independent thinking.
What is the market cap for Independent Bank Corporation IBCP?
As of July 2014, the market cap for Independent Bank Corporation (IBCP) is $288,393,229.20.
What is the market cap for Independent Bank Corp INDB?
As of July 2014, the market cap for Independent Bank Corp. (INDB) is $886,404,822.95.
Is the Indian stock market independent?
Yes the Indian stock market is independent. The Indian stock market was formed in 1992 and is known as the National Stock Exchange.
What is defined as the gap between the home market and a foreign market resulting from the perception and understanding of cultural and business differences?
defined as the gap between the home market and a foreign market resulting from the perception and understanding of cultural and business differences.
What is the market cap for Blackrock Defined Opportunity Credit Trust BHL?
As of July 2014, the market cap for Blackrock Defined Opportunity Credit Trust (BHL) is $126,707,014.41.
What economic system is controlled by private owners with little government influence Capitalism Chartered companies Market economy Mercantilism?
goverment i think not really sure
