Wal-Mart finds itself in intense competition from many small individual stores that specialize in some product line that Wal-Mart only has one department for. For example, they have a Sporting Gear department, but they are intensely competitive with a bunch of smaller stores that specialize in Sporting Gear only. While Wal-Mart typically focuses on providing the lowest cost products, these competitors of theirs will offer higher quality products they can charge a higher price for, will offer greater customer service and more elaborate warranties. What best describes this type of industry (use only information about Wal-Mart provided here)?

Group of answer choices

A)Monopolistic Competition

B)Perfect Competition

C)Monopoly