In what type of markets do firms exhibit price-taking behavior? a. What is the basic reason for such behavior? Describe in detail with example

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In what type of markets do firms exhibit price-taking behavior?
a. What is the basic reason for such behavior? Describe in detail with example

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The market for lemon has 10 potential consumers, each having an individual demand curve P = 101 - 10Qi, where P is price in dollars per cup and Qi is the number of cups demanded per week by the ithconsumer. Find the market demand curve using algebra. What is the quantity demanded by each consumer and in the market as a whole when lemon is priced at P = $1/cup?
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