In perfect competition, Select one: a. the market demand for the good is perfectly elastic but the demand for the output of one firm is not perfectly elastic. b. the market demand for the good is not perfectly elastic but the demand for the output of one firm is perfectly elastic. c. both the market demand for the good and the demand for the output of one firm are perfectly elastic. d. neither the market demand for the good nor the demand for the output of one firm is perfectly elastic.

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