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Meaning of “price taker” in the English Dictionary

"price taker" in Business English

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price takernoun [C]

uk   us  
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.
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(Definition of price taker from the Cambridge Business English Dictionary © Cambridge University Press)
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