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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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