Coca Cola and Pepsi, which together account for about 85 percent ...

[DyllonKazuo]

Coca Cola and Pepsi, which together account for about 85 percent of the soft drink market, are best described as being in
 
  A) a monopoly market.
  B) an oligopolistic market.
  C) a perfectly competitive market.
  D) a monopolistically competitive market.

Question 2

There are two can companies, American and National, which have entered into a collusive agreement. The payoff matrix of economic profits is above. If both firms cheat on the collusive agreement, what amount of economic profit is made by American?
 
  A) 0
  B) 3,000
  C) 4,000
  D) -2,000

[kingfahad97]

Answer to Question 1

B

Answer to Question 2

A

[DyllonKazuo]

Correct answers!

[kingfahad97]

Great! Please up vote