What is the most important characteristic of oligopoly?

Question

Quizplus · Accepted Answer

The interdependence of profits means that the actions of one firm affect the profits of other firms in the market, leading to strategic behavior such as price collusion or aggressive price competition. This characteristic distinguishes oligopoly from other market structures and has significant implications for market outcomes. While the other characteristics listed are often present in oligopoly, they are not necessarily the most important.

What Is the Most Important Characteristic of Oligopoly