Molson and Labatt breweries control over two-thirds of the Canadian beer market. What kind of market structure are they part of?
A) monopoly
B) partnership alliance
C) strategic alliance
D) monopolistic competition
E) oligopoly

Question

Quizplus · Accepted Answer

Molson and Labatt controlling over two-thirds of the market indicates an oligopoly, where a few firms dominate the market.

Molson and Labatt Breweries Control Over Two-Thirds of the Canadian