Concept:Price can be set through direct bargaining between buyers and sellers.Explanation:In an imperfect market, buyers and sellers do not accept a fixed price.The buyer offers a lower price while the seller demands a higher one.The difference between the buyer’s maximum price and the seller’s minimum price creates a bargaining range.Through persuasion and offers, they finally agree on a price.This process is known as higgling and haggling.Answer:C. Higgling and Haggling