Based on the market share that Pepsi and Coca-Cola occupy, we can say that they are a Duopoly.
What is a duopoly?
A duopoly is a market where two companies control the majority of the shares in the market.
Coca-cola and Pepsi control most of the soft beverage market between them which means that they are a duopoly.
Find out more on duopolies at https://brainly.com/question/27822659.
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