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प्रश्न
Which type of market structure is the following? Give reason.
Soft drinks
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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
The seller in a monopoly market is a price maker.
Why is there no need for selling cost under perfect competition?
Identify the market form for the item given below:
A single seller
Name the market in which there is a single buyer and many sellers.
Explain any four features of perfect competition.
Product differentiation is practised in monopolistic competition? Give reasons.
What is meant by the term ‘price taker’?
What is the effect on price when a perfectly competitive firm tries to sell more?
What is the effect on price when a monopoly firm tries to sell more?
What is the difference between collusive and non-collusive oligopoly?
