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  3. Study Set
    Economic Analysis
  4. Exam
    Exam 6: The Market System: Functions, Structure, and Institutions
  5. Question
    The Brewing Industry Is Dominated by a Small Number of Very
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The Brewing Industry Is Dominated by a Small Number of Very

Question 2

Question 2

Multiple Choice

The brewing industry is dominated by a small number of very large producers who sell a differentiated product. The market structure that best fits the brewing industry is probably


A) perfect competition.
B) monopolistic competition.
C) monopoly.
D) oligopoly.

Correct Answer:

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