Question 6 A seller that has the ability (to some degree) to control the price of...

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business economics

Answer 1

Answer #1

A seller in the market who is has some has ability or degree of control the price of product is called price searcher.

the best example for this can be Monopoly in which there is single seller and he has price controlling power.

A price taker is the type of firm which accepts. the price according to the market.

the example of price taker can be perfect competitive market .

Answer is option B

Answer 2

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