What is perfect competition? a. All of the other choices for this question (except for None of the other choices. . .) b. A market where producers try to emphasize the differences in their products. c. A market in which firms try to undercut each other's prices on a consistent basis. d. None of the other choices for this question e. A market in which all buyers and sellers are price-takers. f. A market in which the sellers are all price-makers.

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