Advertisements
Advertisements
Question
Which type of market structure is the following? Give reason.
Soft drinks
Answer in Brief
Advertisements
Solution
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.
shaalaa.com
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
'Homogeneous products' is a characteristic of ______.
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
Identify the market form for the item given below:
Product differentiation
Name the market in which there is a single buyer and many sellers. Give an example.
Give an example of price discrimination.
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Scooters
Which type of market structure is the following? Give reason.
Ball-pen
Elaborate the price discrimination feature of monopoly.
Which of the following is an example of a perfectly competitive market?
