Which competitive structure most closely describes the bottled/canned soda industry?
A) Oligopoly
B) Monopoly
C) Monopolistic competition
D) Pure competition

Question

Quizplus · Accepted Answer

The bottled/canned soda industry is best described as an oligopoly because it is dominated by a few large firms, such as Coca-Cola and PepsiCo, which have significant market power and influence over prices and product offerings.

Which Competitive Structure Most Closely Describes the Bottled/canned Soda Industry