[Answer] Firms operating in a market situation that creates _____ sell their product with other firms who produce identical or extremely similar products

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Firms operating in a market situation that creates _____ sell their product with other firms who produce identical or extremely similar products The term _____ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product Marginal revenue Refers to the … Micro study guide chp 8. The term _________________ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. The term _____ refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product . price setter business entity price taker trend setter Firms operating in a market situation that creates _____ sell their product in a market with other firms who produce identical or extremely similar products . perfect competition. Why are some producers forced to sell their products at the prevailing market ...

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