Suppose the conglomerate ENN Gold and Devour takes monopoly control of the fidget spinner market by acquiring all of the previously perfectly competitive firms. What is the impact of this acquisition on the market structure?
1) The market structure will change from perfectly competitive to monopoly.
2) The market structure will remain perfectly competitive.
3) The market structure will change from monopoly to perfectly competitive.
4) The market structure will change from oligopoly to monopoly.