A Canadian company has subsidiaries in France, England, Canada, and in the USA. The company is somewhat vertically-integrated in that the Canadian subsidiary sells some of its output to the USA subsidiary. Which further processes the material. If the market is fully-competitive, which transfer price would likely be used, given Canadian Tax Authority's published policy on transfer pricing? a) Market-based price b) Full cost plus a markup c) Distress price d) Either market-based or full cost e) Negotiated price