Q307
The structure of the cold drink industry in India is best described as
A.
Perfectly competitive
B.
Monopoly
C.
Oligopoly
D.
Monopolistically competitive
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The structure of the cold drink industry in India is best described as monopolistically competitive. Monopolistic competition is a market structure in which there are many firms selling differentiated products.