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Homework answers / question archive / The major snack foods and breakfast cereals companies in the U
The major snack foods and breakfast cereals companies in the U.S. are an example of _____.
It is because snack foods and breakfast cereals companies share the characteristics of monopolistic firms. Some of the characteristics of a monopolistic market are - a large number of buyers and sellers, product differentiation, free entry and exit of firms, high elasticity of demand, etc.
