Suppose that all pizza companies have the same costs and the minimum average total cost is 12 per pizza. The pizza companies have an efficient scale of 100 pies per night. In the small town of Coatsville, at the price of 12 per pizza the quantity demanded is approximately 300 pizzas per night. This market, therefore, can be characterized as?
1) Perfect competition
2) Monopoly
3) Oligopoly
4) Monopolistic competition