Knowing that Coke controls 80 percent of the cola market and Pepsi controls 20 percent,we can conclude the cola market is:

Question

Quizplus · Accepted Answer

The fact that there are only two dominant firms in the cola market (Coke and Pepsi) controlling a significant portion of the market share indicates that it is an oligopoly market. A perfectly competitive market would have numerous small firms competing with each other and no firm holding a significant market share. A monopolistically competitive market would have firms selling differentiated products and competing on non-price factors. A monopoly would have only one firm controlling the entire market.

Knowing That Coke Controls 80 Percent of the Cola Market