Price-searcher firms have some control over the price they charge, subject to the constraint of the demand curve they face have no control over the price they charge, just like a perfectly competitive firm have some control over the price they charge as long as they enjoy government regulation control price as long as they are producing where MC-MR

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter23: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 2CQ
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Price-searcher firms
have some control over the price they charge, subject to the constraint of the demand curve they face
have no control over the price they charge, just like a perfectly competitive firm
have some control over the price they charge as long as they enjoy government regulation
control price as long as they are producing where MC-MR
Transcribed Image Text:Price-searcher firms have some control over the price they charge, subject to the constraint of the demand curve they face have no control over the price they charge, just like a perfectly competitive firm have some control over the price they charge as long as they enjoy government regulation control price as long as they are producing where MC-MR
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