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In the Market for Breakfast Cereals, a Few Large Producers

Question 204

Multiple Choice

In the market for breakfast cereals, a few large producers, such as General Mills, Post, Quaker, and Kellogg, dominate the market. This best describes which of the following?


A) Perfect competition
B) Monopolistic competition
C) Limited cartel
D) Monopoly
E) Oligopoly

Correct Answer:

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