Which scenario BEST illustrates an oligopolistic industry?
A) A single cell phone provider services the entire Midwest.
B) Thousands of quinoa farmers sell their output in global commodities markets.
C) The Coca-Cola Company and PepsiCo (the companies that make Coke and Pepsi, respectively) sell most of the soft drinks consumed around the world.
D) The State University of New York has one bookstore that caters to all students across all campuses.
Correct Answer:
Verified
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