Question

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