The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is
A) perfect competition.
B) monopoly.
C) monopolistic competition.
D) oligopoly.

Question

Quizplus · Accepted Answer

In an oligopoly, the market is dominated by a few large firms, and the actions of one firm can significantly impact the others, leading to strategic decision-making based on the anticipated reactions of competitors.

The Market Structure in Which the Behavior of Any Given