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Author Question: The four largest firms account for approximately 90% of U.S. beer sales. The U.S. beer industry ... (Read 43 times)

ericka1

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Question 1

Oligopoly is difficult to analyze because


◦ there is no price competition among oligopolistic firms.
◦ of the complex interdependence that usually exists among oligopolistic firms.
◦ price is not a decision variable for oligopolistic firms.
◦ there is price competition among oligopolistic firms but no competition on product quality.

Question 2

The four largest firms account for approximately 90% of U.S. beer sales. The U.S. beer industry would be best classified as a(n)


◦ perfectly competitive industry.
◦ monopolistically competitive industry.
◦ oligopoly.
◦ monopoly.


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Marked as best answer by ericka1 on Apr 19, 2019

mmpiza

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mmpiza

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