Oligopoly terminology

1. SELECT ONE:

Suppose three companies, Optimax, Megachug, and Thirstoid, dominate the sports drink market. Optimax has the largest market share. Megachug, dissatisfied with its market share, begins offering its sports drink in a new container that, according to Megachug, keeps the beverage colder for a longer period of time.

This is an example of:

1. Price leadership

2. A price of war

3. Non-price competition

5. Oligopoly terminology Suppose three companies, Optimax, Megachug, and Thirstoid, dominate the sports drink market. Optimax has the largest market share. Megachug, dissatisfied with its market share, begins offering its sports drink in a new container that, according to Megachug, keeps the beverage colder for a longer period of time. This is an example of: Price leadership A price war O Non-price competition