A critical competitive feature of an oligopoly is the
A) lack of interaction among the major players.
B) presence of a domestic market which is open for foreign firms.
C) desire of all the major players to avoid the phenomenon of diminishing returns.
D) interdependence of the major players.
E) lack of imitative behavior among the major players.

Question

Quizplus · Accepted Answer

In an oligopoly, the major players are interdependent, meaning the actions of one firm can significantly impact the others, leading to strategic decision-making.

A Critical Competitive Feature of an Oligopoly Is the