Question

D Question 1 1 pts The U.S. beer industry: sells a growing proportion of its product for consumption in bars and taverns. was made more competitive by technological advances such as faster bottling lines. was formerly a monopolistically competitive industry, but today it is an oligopoly. has experienced rapid growth in the number of independent brewers over the past forty years. Question 2 1 pts What type of barrier to entry was used by De Beers throughout much of its history to maintain its monopoly position? patent protection government regulation economies of scale ownership of an essential resource

Answer 1

1-The US beer industry was formerly a monopolistically competitive industry but today it is an oligopoly.

Today US beer industry is dominated by a small number of varities and there is intense competition in industry.

So option C is the correct statement

2-barrier to entry was used by De beers throughout much of its history to maintain its monopoly position is the ownership of an essential resource.

So option D is correct.