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.
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.
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