For each of the following, state whether you agree or disagree. Explain your reasoning.
a. Oligopolies are always bad for society.
b. The beer industry has a few large firms and many small firms. Therefore, we would not call it an oligopoly.
Elucidate your reasons as to whether oligopolies are bad for society in part a and how it applies to the beer industry in part b. Submit your analysis in a one to three page paper.