The news clip implies that _______ best describes the market for smartwatches because _______. A. monopoly; although there are many firms, a smartwatch produced by one firm is almost identical to a smartwatch produced by a second firm B. monopolistic competition; it is possible for firms in this market to collude and raise prices C. monopolistic competition; many different smartwatches are produced by many different firms D. oligopoly; the market is dominated by a few firms