samanthacampbell samanthacampbell
  • 06-03-2020
  • Business
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i’m in economics please help

im in economics please help class=

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opudodennis
opudodennis opudodennis
  • 13-03-2020

Answer:

Oligopoly

Explanation:

[tex]Oligopoly[/tex] is a market structure where  a market is shared by a small number of producers or sellers.

-The colas market has only two main players, [tex]coca-cola[/tex] and pepsi.

-Since they are selling a homogenous product, they can gain control over price but always have to consider their actions before doing so

-Usually, a change in their product price will reflect a certain kinked demand curve.

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