False (Last Word) Increased concentration in the beer industry has been caused b

Question

False

(Last Word) Increased concentration in the beer industry has been caused by:

4.

True

False

(Last Word) Increased concentration in the beer industry has been caused by:

changes in consumer tastes from the strong beers of small breweries to the light beers of the large brewers. a shift of beer consumption from bars to homes. technological progress which has speeded up canning and bottling lines and lowered costs. all of these factors.

Refer to the above diagram for a nondiscriminating monopolist. If the government regulates the monopolist so that it charges the socially optimal price, the monopolist will produce output Q.

True False

4.

Refer to the above diagram. At the profit-maximizing output, total variable cost is equal to:

0AHE. 0CFE. 0BGE. ABGH.

Explanation / Answer

1) False

2) all of these factors.

3) True

4) 0CFE.

**** for 2nd question Changes on the demand side of the market have contributed to the

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