Answer: Perfect Competition or Competitive market
Explanation:
In a perfect competition, there are many firms competing against each other to offer the same goods and/ or services. The industry and the firm are therefore not the same because the industry consists of many firms.
This is in contrast to a Monopolistic market where there is only one firm or that firm exercises significant influence. In such a case, the industry and the firm are one in the same because the firm controls the industry so describing the firm is essentially describing the industry.
