In 2010, hewlett-packard company (hp) acquired palm computing inc., a manufacturer of personal devices and smartphones. before deciding to acquire the company, strategic planners at hp spent time thinking about how palm and hp would "fit" together, and how the acquisition might change hp's core goals and objectives. the strategic planners were engaged in the step of the marketing planning process.

Eon inc., electravia inc., and fc inc., the three largest firms in the consumer electronics industry, hold close to 85 percent of the industry's market share. these companies mainly compete against each other by providing unique features in their products rather than pricing them low. these firms are interdependent, and each firm must consider the strategic actions of its competitors. which of the following industry competitive structures does this scenario best illustrate? monopolistic competition oligopoly monopoly perfect competition