I largely agree to this point you have noted, but I chose these 2 options even though the two tend to be thesame. What I know that mostly happens when the market is competitive is that price of goods drop drastically sice everyone will be striving to sell their goods without a fixed price. Unlike the monopoly market where price is fixed by one person in a region and this cause inflation of price but in a competitive market reverse is the case because seller will be struggling to standout as the best, to be able to produce the best customer service to sell their goods.