Some experts have argued that too many brands of breakfast cereal are on the market. Give an

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Some experts have argued that too many brands of breakfast cereal are on the market. Give an argument to support this view. Give an argument against it.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:29 AM

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Some experts have argued that too many brands of breakfast cereal are on the market. Give an

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Pro Too many brands of any single product signals excess capacity implying that each firm is pr...View the full answer

Microeconomics

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