It should be noted that price-taking firm is one of a large number of firms producing a product that is identical , though providing only fraction of total market supply.
What is a price-taker firm?
A price-taker can be regarded as individual or firm that doesn't have control over the prices of goods or services sold.
This is because, they usually have small transaction sizes as well as trade at whatever prices.
Learn more about price-taker at;
https://brainly.com/question/24452126
