Tag: price setter

What is the difference between price setter Vs. price taker

Posted on 12 September 2021 by Ben Roland Leave a comment

We divide firms into two groups; price takers and price setters. Price setters are firms that can influence the price of the product by altering their output.

Price takers are firms that have no control over the price of a …

Posted in BusinessTagged price setter, price takerLeave a Comment on What is the difference between price setter Vs. price taker

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Name: Ben Roland
Age: 31 Years Old

I’m in pursuit of FIRE (Financial independence and Retiring Early). I work a normal job, live frugally and invest every penny I have into securing my future where I can live off my investments.

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