Coca Cola and Pepsi, which together account for about 85 percent of the soft drink market, are best described as being in
A) a monopoly market.
B) an oligopolistic market.
C) a perfectly competitive market.
D) a monopolistically competitive market.
B
Economics
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The demand curve facing a monopolist: a. is the same as its marginal revenue curve
b. is perfectly elastic. c. is perfectly inelastic. d. is less elastic than a perfectly competitive firm's demand curve.
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