Which of the Following Statements About the Beer Industry Is

question 52

Multiple Choice

Which of the following statements about the beer industry is correct?

• A)Over the last 30 years, technological change has resulted in substantial diseconomies of scale in the industry.
• B)In 2000, the minimum efficient scale in the industry was approximately 18 million barrels per year.
• C)As a result of an increase in the number of microbreweries, the five largest firms in the industry control less than 50 percent of the market.
• D)The market share of microbreweries was estimated to be 20 percent in 1990.

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Definitions:

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Reproductive Strategy

The methods or behaviors used by species to reproduce and ensure the survival of their genetic material.

Primate

A member of the mammalian order Primates, which includes humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and opposable thumbs.

Impregnate

To fertilize an egg, causing it to develop into an embryo; in a broader sense, it can also mean to permeate or saturate something with a substance.