See Hint

There are hundreds of security services in New York City. Assume that the security providers all act independently and that homeowners are fully informed about the prices the security providers charge.

Also assume that the quality of the security services is identical across all providers. Which of the following statements could be true?

Choose one or more:

A$.$ Some of the security service providers will be able to charge a monopoly price.

B$.$ There will be a wide range of prices charged by the security service providers.

C$.$ Customers who learn of security service providers offering lower prices than what they are currently paying would switch providers.

D$.$ The market for security services in New York City has the characteristics of a competitive market.