Oligopoly is the state where there are many competitors within a single market.The Pepsi Company realizes that its operations are in competitive industries.
Which of the following conclusions may be inferred from the above?
- Pepsi's market is not oligopolistic.
- Monopoly is defined as one seller in a market.
- The Pepsi Company has a lot of domestic competition.
- The Pepsi Company is operating in an oligopolistic market.
- Monopoly and oligopoly are similar markets.