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WebbIndividuals or firms who must take the market price as given are called price takers. A consumer or firm that takes the market price as given has no ability to influence that … WebbSupply and demand are compared and a market price is calculated for each period of the following day. This price is applied to all accepted bids and offers and is an important reference for intraday and balancing markets since it gives an indication of the marginal price of energy for a given period. WebbEconomics questions and answers. 1 Complete the Table Nota. Tre -5 2 Maximize Profit Presume the table on the left is for a price taker firm when the market price is \ ( \$ 8 \). What is the: Profit maximizing quantity: Profit: 3 Optimizing When a consumer is optimizing, what is the mathematical expression that will be true for any two goods? dialyse forum