During Certain Periods in the Past Few Decades,if One of the Three

question 4

Multiple Choice

During certain periods in the past few decades,if one of the three major breakfast cereal producers in the United States announced a price increase,the other two announced a similar price increase.This implies that the market for breakfast cereals is a good example of _____

• A)monopolistic competition.
• B)a cartel.
• C)a pure monopoly.
• D)the kinked-demand-curve model of oligopoly.
• E)the price-leadership model of oligopoly.

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Twentieth-century

The period from the year 1901 to 2000, marked by significant advancements in technology, science, and social change.

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