Question

Together, Coca-Cola and Pepsi account for approximately ________ percent of the soft drink market.

a. 35
b. 45
c. 55
d. 65
e. 75

Answer 1

e. 75

Step-by-step explanation:

Not sure what year this question is referring to but as of 2019 Coca-Cola and Pepsi account for approximately 85 percent of the soft drink market. They have controlled the vast majority of this market since the 70's when Pepsi started making waves in the soft drink market. Effectively making the market into an oligopolistic market. Both of which continue to grow steadily as the year's pass. Therefore, for this question, I would put a 75% market control since 85% is not available.