Suppose Coca-Cola controls 80 percent of the soda market and Pepsi controls 20 percent of the market. With this information, we can conclude that the soda market is:

Name: Suppose Coca-Cola controls 80 percent of the soda market and Pepsi controls 20 percent of the market. With this information, we can conclude that the soda market is:
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The soda market is an oligopoly because it is dominated by a small number of firms, in this case, Coca-Cola and Pepsi, which together control 100% of the market.

Suppose Coca-Cola Controls 80 Percent of the Soda Market and Pepsi