A. price maker
B. price taker
C. price seeker
D. A and B
Correct Answer:
Option B – price taker
Explanation
A perfect market may be defined as one in which buyers or sellers cannot influence the price of goods and services. That is, the buyers or sellers are price taker since there exist a common price for commodities throughout the market.
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![Two identical charges situated 20cm apart in vacuum repel each other with a force of 1.0N. Calculate the value of each other with a force of 1.0N. Calculate the value of each charge. [(14 πεo)‾¹ = 9 x 10^9 Nm²C‾²]](https://erudites.ng/wp-content/plugins/contextual-related-posts/default.png "Two identical charges situated 20cm apart in vacuum repel each other with a force of 1.0N. Calculate the value of each other with a force of 1.0N. Calculate the value of each charge. [(14 πεo)‾¹ = 9 x 10^9 Nm²C‾²]")