Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of why or why not. Scenario Competitive? 1. Several stores in the mall sell hooded sweatshirts. Each store?s sweatshirts reflect the style of that particular store. Additionally, some stores use higher-quality cotton than others, which is reflected in the apparel's prices. 2. Dozens of companies produce plain white socks. Consumers regard plain white socks as identical and don't care who manufactures their socks. 3. The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug. 4. In a small town, there are two providers of broadband Internet access: a cable company and the phone company. The Internet access offered by both providers is of the same speed. same choices for all drop down menus