Read the news clip, then answer the following questions. Sparks fly for Energize

Question

Read the news clip, then answer the following questions. Sparks fly for Energizer Energizer is gaining market share against competitor Duracell and its profit is rising despite the sharp rise in the price of zinc, a key battery ingredient. The market for batteries has O A. an HHI that is equal to approximately 1,400 O B. many firms that have no incentive to collude ° C. no barriers to entry O D. a small number of interdependent firms The market for batteries is . Source: www.businessweek.com, August 2007 ( A. a monopoly OB. peectly competitive O C. an oligopoly O D. monopolistically compettive

Explanation / Answer

1) the correct option is (C)

2) The correct option is (D) since there are no great barriers to entry and teh number of producers and consumers is large however tehy have the ability to set price.

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