price-taker
C1CEFR level
55/100Rarity: uncommon
TechnicalRegister
A firm or individual too small to influence the market price and so obliged to accept it.
A single wheat farmer is a price-taker, selling at whatever the commodity exchange quotes that day.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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