Question

Anheuser-Busch and Miller Brewing both experienced market failures in the United Kingdom when they used the phrase "light beer" which was misinterpreted as

Answer 1

"Having reduced alcohol levels" is the correct answer.

Step-by-step explanation:

• The given is seems to be an American beer organization with its headquarters throughout St. Louis, Missouri. It would be the world has ever known largest revenue-based brewing firm, although 3rd in brewing volume, until InBev confirmed its investment procurement 13 July in the year 2008.
• Ever since they suffered negative externalities throughout the UK when they used the term " light or hot beer" which again was misunderstood as having reduced caffeine contents.