karelrasekhula530 karelrasekhula530

12-05-2024
Business

Answered

QUESTION 3
Research
3.Conduct research and determine if Pepsi and Coca Cola are a duopoly.
3.2 How does the Competition Commission regulate competition in South Africa?
(12)
(2x2 = 4)
TOTAL: 50

Answer :

GinnyAnswer GinnyAnswer

12-05-2024

Final answer:

Pepsi and Coca-Cola form a duopoly in the soft-drink market. The Competition Commission in South Africa oversees and regulates competition to ensure fair practices and consumer protection.

Explanation:

Pepsi and Coca-Cola operate in the soft-drink industry as major competitors, showcasing characteristics of a duopoly. A duopoly is a market structure where two firms dominate the industry, often influencing pricing and market outcomes.

The Competition Commission in South Africa regulates competition by enforcing laws that prevent anti-competitive behavior, promote fair competition, and protect consumer welfare. They investigate mergers, collusion, abuse of dominance, and other practices that may harm competition.

Learn more about duopoly, Competition Commission, soft-drink industry here:

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