One characteristic of oligopolistic markets is

Question

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Oligopolistic markets are characterized by a few large firms that dominate the industry. Because of this small number of dominant firms, their actions and decisions are closely watched and often influenced by each other. Therefore, these firms are mutually interdependent and their behavior is affected by the actions of their competitors. This leads to complex pricing strategies and non-price competition. The other options are not characteristic of oligopolistic markets; there are few rather than a large number of firms, entry and exit may be difficult, there may be profits in the long run, and the demand curve may be sloping rather than horizontal.

One Characteristic of Oligopolistic Markets Is