Compare the economics of the concentrate industry to that of the bottling industry: Why is the profitability so different?

Why, historically, has the soft drink industry been so profitable?
Compare the economics of the concentrate industry to that of the bottling industry: Why is the profitability so different?
How has the competition between Coke and Pepsi affected the industrys profits?
How can Coke and Pepsi sustain their profits in the wake of the flattening demand and the growing popularity of non-CSDs?

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