Answer:
Option (B) is correct
Explanation:
A perfectly competitive market is characterized by the following:
In the given case, broadband providers control prices since there are only two broadband providers, hence not a competitive market form.
Similarly, Scholastik Inc represents a monopoly i.e single seller and mall stores do not sell exactly similar or homogeneous products.
Thus, only the scenario of dozen companies producing exactly same socks, perfect knowledge on part of both buyers and sellers and with freedom of entry of new firms, corresponds to perfectly competitive market form.