1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Contact [7]
2 years ago
13

Four major breakfast cereal companies share a majority of the cereal market: Kellogg, Post, General Mills, and Quaker. This is a

n example of
Business
1 answer:
garri49 [273]2 years ago
5 0

Answer:

Oligopoly

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

I. Mutual interdependence between the firms.

II. It's a market that is typically controlled by many small firms.

III. Difficult entry to new firms.

In this scenario, four major breakfast cereal companies share a majority of the cereal market (identical or similar products) such as Kellogg, Post, General Mills, and Quaker. Thus, this is an example of an oligopoly.

You might be interested in
In the retail industry, ABC tries to add value to their products and services so they can attract customers who are willing to p
kicyunya [14]

Answer:

A. Differentiation strategy.

Explanation:

In a market different firms try to maintain a competitive edge over others. This is achieved by using various strategies like: Differentiation strategy, Local strategy, Regional strategy, Cost-leadership strategy, Global strategy.

In the given scenario ABC tries to add value to their products and services so they can attract customers who are willing to pay a higher price.

This is a differentiation strategy where a firm tries to make their product different from.otgers in order to maintain a competitive advantage over others

5 0
2 years ago
Which of the following criteria is necessary for every good meeting?
KengaRu [80]
It depends on what type of meeting it is tell me what type of meeting it is and then i might give you some things necessary :)
5 0
3 years ago
Predictable books are useful in the early childhood classroom because they
Feliz [49]
Help the child see that they themselves can answer what will happen if they come across a situation like so
7 0
3 years ago
A company reported that its bonds (a long-term liability) with a par value of $50,000 and a carrying value of $61,000 are sold f
Dimas [21]

Answer:

c and e

Explanation:

8 0
3 years ago
For what client would the administration of an epidural block be most appropriate. What procedure is this client most likely to
Mama L [17]

A client who is employed in the second stage

Explanation:

A second phase consumer who is working. The nerve block is a means of applying anaesthesia at a certain stage along the nerves to and from the region under which pain or muscle weakness is desired. There can be different types of nerve blocks.

Epidural anaesthesia throughout the space in which the nerves arise from the spinal cord is also an injection of this drug. During work and delivery, its use is common. The function of the brain requires anaesthesia in general.

The correct humerus will not be decreased by local aesthetics and the orthopaedic operation would not be done by means of a epidural. The injection for penetration is typically anaesthetised.

8 0
3 years ago
Other questions:
  • Is the development and support of it systems by knowledge workers with little or no help from it specialists?
    8·1 answer
  • .Dorothy Fonda is an unmarried head of household with the following income for the year: Wages $34,500 Bank interest $275 Munici
    10·2 answers
  • A callout appears under the _____ menu of the word processing program
    11·1 answer
  • Which growth strategy is designed to increase sales of existing products to current customers, non-users, and users of competiti
    7·1 answer
  • Two external factors which must be considered in pricing decisions are​ __________. A. the marketing mix and the nature of the m
    8·1 answer
  • Which of the following are advantages of working for a for-profit healthcare facility? Check all of the boxes that apply.
    13·1 answer
  • I'm getting pretty desperate plz help me, I'll give brainiest, and ill make a free question worth 100 points this is for coding
    5·2 answers
  • Indicate the account being debited:
    10·1 answer
  • Roberta is taking the final course in the fourth semester of the Veterinary Technician program. When she reads the final project
    11·1 answer
  • What will a bank do in order to ensure you are responsible?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!