Diet Coke ________ considered a product in a monopoly market,because ________.
A) is; it has only one producer: CocaCola company
B) is not; it has many substitutes
C) is; the CocaCola company has market power
D) is not; because it is produced in factories around the world

Question

Quizplus · Accepted Answer

Diet Coke is not considered a product in a monopoly market because it has many substitutes, including other diet sodas and beverages, which means consumers have alternative choices.

Diet Coke ________ Considered a Product in a Monopoly Market,because