Kami and Derek went to the mall. While there they passed a Vans store, Nike’s store, New Balance store, and Adidas store. Derek commented that there was really a large number of sellers and noted that there seemed to be many buyers as well. What kind of market competition is represented by these stores?

A) ​Perfect.
B) ​Monopolistic.
C) ​Oligopoly.
D) ​Monopoly.

answer:

A) ​Perfect.