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प्रश्न
Which type of market structure is the following? Give reason.
Soft drinks
संक्षेप में उत्तर
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उत्तर
The market structure for soft drinks is an oligopoly.
Reason:
- A few large corporations, such as Coca-Cola and PepsiCo, dominate the soft drink sector, accounting for a sizable portion of the market.
- These companies create unique products with varied flavours, packaging styles, and branding.
- They have some control on pricing, but they must also consider their competitors' actions and strategy.
- This market structure is an oligopoly due to its great concentration and interdependence among the few leading enterprises.
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संबंधित प्रश्न
Define Discriminating Monopoly.
Following is the feature of perfect competition:
In monopolistic competition, there are ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Mention two features of monopoly.
What do you mean by homogeneous products?
To which market form are homogeneous products relevant?
What is the difference between perfect and imperfect oligopoly?
