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A1. There are many firms in the brewery industry and the products are close to identical. Yet the industry is not a perfectly competitive industry.

A1. There are many firms in the brewery industry and the products are close to identical. Yet the industry is not a perfectly competitive industry. Explain.

Market shares in the U.S. brewery (beer-manufacturing) industry are as follows. Brewery Anheuser-Busch Miller-Coors Constellation Heineken Pabst 2000 small companies Total Market Share (Percent) 40 23 11 4 2 each about 0.01 100

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