Monica notices that just a few big companies produce the vast majority of soft drinks. She would be correct in describing the soft drink industry as an oligopoly.

Question

Quizplus · Accepted Answer

An oligopoly is a market structure in which a small number of firms dominate the industry. In the case of the soft drink industry, a few major companies such as Coca-Cola and PepsiCo control a significant portion of the market, making it an oligopoly.

Monica Notices That Just a Few Big Companies Produce the Vast