Walser Limited Lifetime Powertrain Warranty. Available on all new car purchases and most used cars with less than 60,000 miles. Duration: Warranty is valid from vehicle sale date during the customer's lifetime or until the customer no longer owns the vehicle. Coverage: This is an inclusionary warranty which means only named components are covered. The warranty is limited to these listed parts.
Price Taker. What it is: A price taker is a person or company that has no control to dictate prices for a good or service. In the trading world, a price taker is a trader who does not affect the price of the stock if he or she buys or sells shares. The concept of a price taker is best illustrated with an example.
In other words, we can't be a price-taker and ever profit from trading, especially playing against large institutional traders who can't lose, because they can set the price. In economics, there is a technical term called a price-taker. This means that you can make a buying or selling decision and your output is assumed not to affect the price. (Actually, MR=delta TR/delta q =(p*delta Q)/delta q=p, or MR is inelastic with respect to output so the price graph is horizontal, but we don't need to go into all of that).