If Pepsi and Coke Are the Only Two Soft Drink

question 32

Multiple Choice

If Pepsi and Coke are the only two soft drink producers,they could be considered:

• A) A duopoly.
• B) A monopoly.
• C) An oligopoly.
• D) Perfectly competitive firms.

Explain the wealth effect and its impact on the economy.

Understand the effects of savings and investment on interest rates and the economy according to Classical theory.

Explain the role of consumption, exports, and imports in achieving macroeconomic equilibrium.

Understand the determinants of employment and output according to Keynes.

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