lectur17-page31 - pricing power They receive the price that...

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31 Perfectly Elastic Demand This is the demand curve that a “Price-taker” confronts. A “Price-taker” is a producer that has no
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Unformatted text preview: pricing power. They receive the price that is determined by market demand and market supply....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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