_____ almost always take the market price as given;that is,they are considered _____.However,this is often not true of _____.A) Consumers;quantity minimizers;producersB) Producers;quantity takers;consumersC) Consumers and producers;price takers;firms that produce a differentiated productD) Producers;price searchers;consumers

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Gabriel Becker · Accepted Answer

Final Answer : C, Explanation :  Consumers and producers are considered price takers because they generally have little influence over the market price and must accept it as given. However, firms that produce a differentiated product may have some pricing power and may not always take the market price as given. Therefore, choice C is the best answer.

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