Firm has to take the price that is set by market
It doesn't sound natural . The firm has to charge the market price. CB
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It doesn't sound natural.
The firm has to charge the market price.
CB
'THE firm...' but otherwise yes, I've heard the expression used in business reports fairly regularly. Perhaps I'd use 'accept' rather than 'take' but that's personal choice.
You could, as has already been suggested, simplify the noun phrase to become 'the market price'.