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English definition of “price taker”

price taker

noun [C]    
COMMERCE, FINANCE a company, buyer, or investor who is not able to influence the price of a product or investment and has to follow what other companies, etc. are doing: The price taker sells every unit at the price that is determined by the market.
→ Compare price leader
(Definition of price taker noun from the Cambridge Business English Dictionary © Cambridge University Press)
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