Please, if you could share your knowledge, I would greatly appreciate it. I understand that Oligopoly involves only a few sellers of a standardized or differentiated product. Small number of sellers, identical or differentiated, difficult entry witha large amount of market power. would the airlines industry be a oligopoly or is Pepsico Subsidiaries a oligopoly?

Name a product that you regularly purchase from a firm that operates in an oligopolistic industry. Explain why the product and the firm fit the model of oligopoly. Think about the TV commercials and/or print advertisements that you have seen from this industry: What interdependence have you noticed between the firm you selected and its rivals in terms of product differentiation, price leadership, or price competition? Explain your answer. Apply economic theories and models to support your response.