Coca Cola and Pepsi, which together account for about 85 percent of the soft drink market, are best described as being in
A) a monopoly market.
B) an oligopolistic market.
C) a perfectly competitive market.
D) a monopolistically competitive market.

Question

Quizplus · Accepted Answer

Coca Cola and Pepsi dominate the soft drink market, which is characteristic of an oligopolistic market where a few firms have significant market power.

Coca Cola and Pepsi, Which Together Account for About 85