Price takers are not necessarily always buyers. Any participant in a market can be a price taker. Let's take a hypothetical regional dairy market for example. In this case, there might be many sellers, who have produced milk and are trying to sell it. However, imagine there was just on...
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This can be a problem since, if a “C” store improves its performance, it will not be able to sell more because it simply does not have enough stock. In addition, this method does not take into account the fact that a certain item can be sold more efficiently in a “C” store tha...
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