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What ensures that a perfectly competitive producer has no market power, i.e. they are price takers? a) There are many producers in the market b)

What ensures that a perfectly competitive producer has no market power, i.e. they are price takers? a) There are many producers in the market b) The product they produce is standard or homogenous c) There is free entry and exit of producers in the industry d) All of the above

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