Perfectly competitive firms are facing a lot of challenges to be able to raise prices at their firms. Why do you think firms in this market structure are classified as a price taker and why do you think they struggle to raise prices? This assignment will require 3-5 paragraphs. You will need to focus on your analysis and addressing each aspect of the question. You will be graded based on your analysis and how well you answered the questions. You will submit a one-word document.
PS. Use the Screenshots/ notes for the majority of the content, the PDF’s to solidify the point
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