Research shows that Pepsi and Coca-Cola are a duopoly because the two firms control the carbonated beverage industry worldwide.
What is a duopoly?
A duopoly is a form of oligopoly in which two major firms control a market.
With an oligopoly, few firms operate and control the market for a product or service. But with a duopoly, only two main corporations operate in the market or industry.
Thus, we can conclude that Pepsi and Coca-Cola are a duopoly in the carbonated beverage industry.
Learn more about duopolies at https://brainly.com/question/13354463
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