MANAGEMENT

Detailed explanation-1: -Oligopoly is a situation in which there are few firms dominating the market. They are highly concentrated. Each of them are divided into certain number of groups. Hence, the structure of the cold drink industry in India is best described as oligopolistic competition.

Detailed explanation-2: -In a duopoly, two competing businesses control the majority of the market sector for a particular product or service they provide. For example, Coca-Cola and Pepsi represent a duopoly because the two firms control almost the entire market for cola beverages.

Detailed explanation-3: -Answers. The soft drink industry is a type of an oligopoly and an example of the firm is Coca cola Company. The industry is an oligopoly because the firms in this industry produce products that are differentiated. The competition depends on the way the brand of the firms market their products.

Detailed explanation-4: -Pepsi and coca-cola work in the oligopoly market structure as they are dominant firms in the market where there are other small local firms also.