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Author Question: Coca Cola and Pepsi, which together account for about 85 percent of the soft drink market, are best ... (Read 159 times)

DyllonKazuo

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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DyllonKazuo

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Reply #2 on: Jun 29, 2018
Correct answers!


kingfahad97

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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