Competitive market?

Question

which sounds like more of a competitive market to you. ( a competitive market in one with many buyers and sellers trading identical products)


A. Car insurance is mandatory. (All drivers must carry insurance.) Four insurance companies provide all the insurance needed and agree to divide the high-risk drivers evenly among themselves.

B. There are many Italian restaurant owners in town. They order pasta from many different firms. It does not matter to them what brand the pasta is, as long as the deliveries are on time.

Answer 1

That depends on how many companies offer either service in your town, you need to do more research. What applies where I live might not, where you live. No one can give you an accurate answer on that, if you don't know what the local demographic is.