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18 October, 04:14

Which scenarios BEST describes an oligopolistic industry?

(A) A college has one bookstore selling textbooks to students.

(B) Coca-Cola and Pepsi sell most of the soft drinks consumed around the world.

(C) Thousands of soybean farmers sell their output in a global commodities market.

(D) A single cable company serves customers in a small town.

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  1. 18 October, 05:47
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    (B) Coca-Cola and Pepsi sell most of the soft drinks consumed around the world

    Explanation:

    Oligopolistic industry -

    These are the type of industries, which strongly dominates the market, is referred to as oligopolistic industry.

    These markets are considered to be the competition for the other industries, or the upcoming industries.

    They strong very firmly for their goods and services in the market.

    Since, coca - cola and pepsi are widely consumed in the market, and hence is a oligopolistic industry.
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