which of the following 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 hundreds of firms produce similar, but differentiated, types of shoes. e a single cable company serves customers in a small town.

Respuesta :

The scenario best describes an oligopolistic industry as Coca-Cola and Pepsi sell most of the soft drinks consumed around the world. Thus the correct option is B.

What is the oligopolistic industry?

Small numbers of suppliers control markets in an oligopoly. These markets are regarded as the opposition to other sectors or emerging industries. They stand particularly strongly behind their products and services in the marketplace.

The majority of soft drinks consumed on a regular basis around the world are sold by Coca-Cola and Pepsi, who fiercely compete in this oligopolistic market.

Therefore, option B is appropriate.

Learn more about the oligopolistic industry, here:

https://brainly.com/question/14264149

#SPJ1