Economics (AS & A Level) · May / June 2022 · Paper 32 · Question 7
9708Different market structures
The table provides some details of the soft drinks industry in a country. number of firms: 250 number of brands: 1000 5 firm concentration ratio: 65% Which market structure best describes the country's soft drinks industry?
- Amonopoly
- Bmonopolistic competition
- Coligopoly
- Dperfect competition
As printed in the paper
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Correct answer: C. oligopoly
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