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The pie-chart given below shows the annual global market share of Pepsi and Coke for the last five years on average. Under what market structure

The pie-chart given below shows the annual global market share of Pepsi and Coke for the last

five years on average.

Under what market structure do Pepsi and Coke operate? What microeconomic model can

best describe the behavior of Pepsi and Coke?

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