Which of the following characteristics distinguishes oligopoly from other market structures?

Question

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Interdependence among firms in the industry is the characteristic that distinguishes oligopoly from other market structures. In an oligopoly, firms need to consider the possible reactions of their competitors when making pricing or output decisions, which means their actions have an impact on the market as a whole. This interdependence can lead to collusion or even price wars, making oligopolies challenging to predict and analyze. The other options are not unique to oligopoly and can be found in other market structures as well.

Which of the Following Characteristics Distinguishes Oligopoly from Other Market