The Day After General Motors Offered 2

The day after General Motors offered 2.9 percent financing on three-year loans for all GM cars, Ford and Chrysler began making their own financing offers.These businesses

A) represent an oligopoly in which there are few sellers, and each seller has considerable control over price.
B) represent a monopoly in which only one firm supplies a product or products.
C) are engaging in monopolistic competition in which there are many buyers as well as a relatively large number of sellers that differentiate their products from those of competitors.
D) are engaging in pure competition, in which no single seller is powerful enough to affect prices.
E) are engaging in monopolistic competition in which the products are very similar.