What's going on here? as soon as dewey cheatum and howe motors increase the prices on their suvs, then so does their only competitor, you betcha motors! their prices are basically the same for similar vehicles, although their advertising says their products are really very different. what kind competition exists here?

perfect competition
oligopolistic competition
limited competition
monopolistic competition

Oligopolistic competition

Explanation:

According to my research on different types of competitive markets, I can say that based on the information provided within the question the competition being seen in this situation is called an Oligopolistic competition. This type refers to a market that is completely controlled by a small number of very large companies. These company's maintain the same prices and instead compete in different ways such as offering unique products, and advertising differently. Which seems to be the case in this scenario since both company's prices seem to always be the same even though they say they are very different in their products.

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