The soft drink market is dominated by Coke,Pepsi,and very few other firms.The firms often start price wars.The market can best be classified as

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The market is dominated by a small number of large firms, which is the hallmark of an oligopoly. The fact that the firms engage in price wars suggests that they are highly aware of and responsive to each other's actions, which is another characteristic of an oligopoly. Perfect competition involves many small firms selling identical products, while monopolistic competition involves many firms selling differentiated products. Neither of these scenarios accurately describes the soft drink market.

The Soft Drink Market Is Dominated by Coke,Pepsi,and Very Few