One of Coca-Cola's slogans is "It's the real thing" and one of Pepsi's slogans is "The choice of a new generation." This is an example of which type of competition?
A) monopolistic competition
B) pure competition
C) monopoly
D) natural competition

Question

Quizplus · Accepted Answer

The slogans used by Coca-Cola and Pepsi are examples of advertising and marketing techniques used in monopolistic competition where firms differentiate their products or services to stand out from their competitors. In monopolistic competition, firms have some control over pricing and advertising is an important strategy to attract customers.

One of Coca-Cola's Slogans Is "It's the Real Thing" and One