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5) The price of cooking oil rises 5%. Tim Hortons then raises the price of its donuts by 9%. At the same time, the Highland Creek Bakery raises the price of its donuts by 5%. This kind of pricing strategy would suggest these businesses are engaged in: a) b) perfect competition a monopoly an oligopoly monopolistic competition

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Jarrod Robel
Jarrod RobelLv2
3 May 2018
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Related questions

44) The price of coffee beans rises on the international market by 7%. Because of its higher raw material costs, The Highland Creek Coffee Shop raises the price of its regular sized coffee by 5%. At the same time, Starbucks raises the price of its coffee at all of its Canadian locations by 9%. This kind of pricing decisions would suggest these businesses are engaged in: a) b) perfect competition a monopoly an oligopoly monopolistic competition

5) The price of coffee beans rises on the international market by 5%. Because of its higher raw material costs, The Highland Creek Coffee Shop ( a local coffe shop located about a mile from UTSC) raises the price of its regular sized coffee by 5%. The Mom and Pop Coffee Shop at the corner of Kingston Road and Morningside also raises its prices by 5.% Ed's Shed, a coffee shop on Ellesmere, raises its prices by 4%. At the same time, Starbucks raises the price of its coffee at all 400+ of its Canadian locations by 10%. This kind of pricing decisions would suggest that the market for coffee in Eastern Toronto, and the GTA is: a) b) c) perfectly competitive a monopoly an oligopoly monopolistic competition d)

13) Anheuser-Bush the United States largest brewer of beer raises the price of its best-selling "Budweiser” by 8 percent. Miller Coors, the United States second largest brewer then raises the price of its beer by 7.9 percent. Pabst a third manufacturer of beer follows with an increase of 8.07 percent. Each of these companies is practicing a type of pricing strategy characteristic of: a) b) c) d) perfect competition a monopoly an oligopoly monopolistic competition

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