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Is it possible for a firm to be both Price taker and price maker?
A firm can either be a price taker or a price maker. It cannot be price maker and price taker at the similar time because when a firm will set its own price in the market for its good. At that time, it will be a price maker not a price taker.
Increase in Productivity and Real Wage Earnings: Labour has been charged that whereas it presses for higher wages through trade unions, it has failed to raise productivity. Sh
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