Which of the following markets is MOST likely to be characterized by oligopolistic competition in the United States?
A) soybeans
B) pens and pencils
C) soft drinks
D) men's clothing
E) electrical service to the home

Question

Quizplus · Accepted Answer

Soft drinks are most likely to be characterized by oligopolistic competition in the United States as there are only a few major companies (Coca-Cola, PepsiCo, Dr. Pepper Snapple) that dominate the market and have significant control over pricing and marketing.

Which of the Following Markets Is MOST Likely to Be