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we have 3companies in market share coke 49.8%,pepsi46.2%&others 4%.Under what market do Pepsi and Coke operate? How can you explain the pricing behavior of Pepsi

we have 3companies in market share coke 49.8%,pepsi46.2%&others 4%.Under what market do Pepsi and Coke operate? How can you explain the pricing behavior of Pepsi and Coke? Given the obvious market share of both Pepsi and Coke, on what grounds would you justify the multi-billion-dollar annual advertising spending by those two companies

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