Jack, Jamie, Ronnie, and Stephan own the only computer software manufacturing companies in the country. When Jack increases the price of his product and advertises extensively to promote it, the other three manufacturers immediately increase their prices and launch promotional strategies. What type of market structure do these four companies operate in?
A.
oligopoly
B.
monopolistic competition
C.
monopoly
D.
perfect competition
E.
natural monopoly
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They are engaged in Natural competition
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