Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.Q1: Refer the video, in perfect competition, ‘firms are price taker’. With help of an example, explain how firms in perfect competition are price takers?please make sure to avoid plagiarism as much as possiblei upload the video to you ( Lec 10 | MIT 14.01SC Principles of Microeconomics ) one question about the videothe words should be between 50 -100 words

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