The market structure of the U.S.soft drink industry is most likely:
A) Perfectly competitive.
B) A monopoly.
C) Monopolistically competitive.
D) An oligopoly.

Question

Quizplus · Accepted Answer

The U.S. soft drink industry is dominated by a few large firms, such as Coca-Cola and PepsiCo, which suggests an oligopoly market structure. These firms have significant control over pricing and output and engage in strategic behavior, such as advertising campaigns and exclusive distribution contracts, to maintain their market power.

The Market Structure of the U