Coke and Pepsi are competitors within an oligopoly.

Name: Coke and Pepsi are competitors within an oligopoly.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Coke and Pepsi are both major players in the carbonated soft drink market, which is an example of an oligopoly where a few large firms dominate the industry. The presence of these two giants competing with each other for market share is a characteristic of an oligopoly market structure.

Coke and Pepsi Are Competitors Within an Oligopoly