Ch08 Perfect Competition
Multiple Choice Questions
1. The term _ refers to a firm operating in a perfectly competitive
market that must take the prevailing market price for its product.
A. price setter
B. business entity
C. price taker
D. trend setter
1a. Identify Components of Arguments.
The first thing you have to realize is an argument is NOT the same thing as a disagreement, an
argument also has different parts. As you know, an argument, is a set of claims used to support
a single claim. These supp