Which of the following markets is most likely to be characterized by oligopolistic competition in the United States?
A) Soybeans.
B) Pens and pencils.
C) Soft drinks.
D) Men's clothing.
E) Electrical service to the home.

Question

Quizplus · Accepted Answer

Soft drinks are typically dominated by a few large companies, such as Coca-Cola and PepsiCo, which indicates oligopolistic competition. Soybeans, pens and pencils, and men's clothing have many competitors and are more likely to be characterized by monopolistic or perfect competition. Electrical service to the home is typically provided by regulated monopolies.

Which of the Following Markets Is Most Likely to Be