This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe the market structure of the beverage industry. What will be an ideal ... (Read 104 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
Describe the market structure of the beverage industry.
 
  What will be an ideal response?

Question 2

The outcome of the state of nature affects the payoff to the agent under a
 
  A) fixed-fee contract.
  B) hire contract.
  C) contingent contract.
  D) All of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Perkypinki

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

The beverage industry is a highly competitive one, which is experiencing rapid rates of growth due to changes in taste and preferences of the population. The change in demographics as well as in the socio-economic profile of the population is giving rise to the demand for new products which emphasize nutrition and low calories, as well as products which have a health benefit. There are two dimensions of this industry -- the entire refreshment beverage market is monopolistic competition. However, if we focus only on firms that produce and sell carbonated soft drinks, then the market structure resembles more like an oligopoly.

In addition, firms in this industry will have to constantly find ways to differentiate their products by identifying niche market segments and working with health professionals and keeping up with changing demographics, and design products which meet the special needs of the targeted groups.

Answer to Question 2

C


Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Crystal structure of an adenylate cyclase catalytic domain Crystal structure of an adenylate cyclase catalytic domain
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Structure of the retina Structure of the retina
Structure of a woody stem Structure of a woody stem
Lichen Structure Lichen Structure
Structure of a composite transposon, Tn10 Structure of a composite transposon, Tn10
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library