Use the Information Below to Answer the Following Question

question 12

Multiple Choice

Use the information below to answer the following question.
Fact 15.1.2 Sparks Fly for Energizer
Energizer is gaining market share against competitor Duracell and its profit is rising despite the sharp rise in the price of zinc, a key battery ingredient.
Source: www. businessweek.com, August 2007
-Refer to Fact 15.1.2. The market for batteries is

• A)an oligopoly with a small number of interdependent firms.
• B)a monopolistic competition with many firms that have no incentive to collude.
• C)perfectly competitive with no barriers to entry.
• D)a monopoly.
• E)an oligopoly with no barriers to entry.

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