There Are Four Major Cereal Brands-Kellogg's, Quaker, General Mills, and Post-That

Multiple Choice

There are four major cereal brands-Kellogg's, Quaker, General Mills, and Post-that seem to occupy most of the shelf space in a typical grocery store. These cereals are all priced about the same. There is a good deal of product differentiation, from characters to different health claims. The cereal industry is an example of what type of competitive market?

A) a pure monopoly
B) monopolistic competition
C) pure competition
D) monopolistic oligopoly
E) an oligopoly