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Which scenarios BEST describes an oligopolistic industry?

(A) A college has one bookstore selling textbooks to students.
(B) Coca-Cola and Pepsi sell most of the soft drinks consumed around the world.
(C) Thousands of soybean farmers sell their output in a global commodities market.
(D) A single cable company serves customers in a small town.

Answer :

Answer:

(B) Coca-Cola and Pepsi sell most of the soft drinks consumed around the world

Explanation:

Oligopolistic industry -

These are the type of industries , which strongly dominates the market , is referred to as oligopolistic industry.

These markets are considered to be the competition for the other industries , or the upcoming industries .

They strong very firmly for their goods and services in the market.

Since , coca - cola and pepsi are widely consumed in the market , and hence is a oligopolistic industry.

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