Market structures are characters of organization in a given industry.
They can be a monopoly, a perfect competition, monopolistic competition, and an oligopoly.
Coca-Cola Company is in an oligopoly market structure due to the dominance of a limited number of companies in the industry.
What is Coca Cola’s biggest competitor?
The Coca-Cola Company’s competitors
The Coca-Cola Company’s top competitors include Britvic, Pepsico, Fever-Tree, Red Bull, Monster Beverage and Tropicana Products. The Coca-Cola Company is a company that manufactures and distributes various nonalcoholic beverages.
What is Coca Cola’s competitive advantage?
Coca Cola has competitive advantage so it is making it get bigger and bigger in terms of sales and market share. Coca Cola reputation has also competitive advantage and it is also pursuing environmental friendly product. Coca Cola many products are recyclable and Coca Cola is also going for the green effect.
Is Coca Cola an oligopoly?
Coca cola and Pepsi are in an oligopoly market. They are selling the homogeneous product so they can control over price but they will consider their action when they would like to change the price of their goods. They usually change the price of their goods according to kinked demand curve.
Are Coke and Pepsi perfect substitutes?
Coke and Pepsi are substitutes. b. Indifference curves between Coke and Pepsi are fairly straight, because there is little to distinguish them, so they are nearly perfect substitutes. Indifference curves between skis and ski bindings are very bowed, because they are complements.